MA Distance 3
This Old Kings indicator for MetaTrader 4 is called MA Distance 3. Judging by its name, it is built around moving averages. In the code it works with moving averages. It has 8 settings, for example MOVAVG (default --- MOVING AVERAGE SETT), Use Tickdata (default True) and DISTANCEA (default --- MOVING AVERAGE DIST). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About MA Distance 3
MA Distance 3 is an indicator for MetaTrader 4 based on Moving Average. It has 8 settings, such as Movavg, Use tickdata and Distancea. MQL source code included.
Files in the download: MADistance.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Movavg | --- MOVING AVERAGE SETTINGS --- | |
| Use tickdata | True | |
| Distancea | --- MOVING AVERAGE DISTANCING --- | Distance between orders |
| Greater than distance | Red | Distance between orders |
| Less than distance | Aqua | Distance between orders |
| Font size | 10 | |
| Move updn | 20 | |
| Move left right | 20 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Moving Average · MT4 Indicator · MQL4 Source Code