Ma Distance From Price
From the Old Kings archive: Ma Distance From Price, an indicator for MetaTrader 4. Its name points to moving averages. In the code it works with moving averages. It draws arrows on the chart. It has 5 settings, for example Ma Period (default 9), Ma Shift (default 0) and Ma Method 0to3 (default 3). 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 From Price
Ma Distance From Price is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart. It has 5 settings, such as Ma period, Ma shift and Ma method 0to3. MQL source code included.
Files in the download: Ma_Distance_From_Price.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma period | 9 | default = 9,0,3,0,15 on H1 charts |
| Ma shift | 0 | Bar shift (0 = current bar) |
| Ma method 0to3 | 3 | 0 = SMA, 1 = EMA, 2 = SMMA, 3 = LWMA |
| Applied price 0to6 | 0 | 0 = Close, 1 = Open, 2 = High, 3 = Low, 4 = Median, 5 = Typical, 6 = Weighted Close |
| Pip buffer | 15 | If Ma > Price+PipBuffer then arrow , If Ma < Price-PipBuffer then arrow |
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 · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code