MA2 Signal
This Old Kings indicator for MetaTrader 4 is called MA2 Signal. Judging by its name, it is built around buy / sell signals on the chart. In the code it works with moving averages. It draws arrows on the chart and can send alerts. It has 9 settings, for example Period Fast MA (default 5), Period Slow MA (default 7) and Mode Fast MA (default 1). 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 MA2 Signal
MA2 Signal is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 9 settings, such as Period fast ma, Period slow ma and Mode fast ma. MQL source code included.
Files in the download: MA2_Signal.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Period fast ma | 5 | Number of bars in the calculation |
| Period slow ma | 7 | Number of bars in the calculation |
| Mode fast ma | 1 | 0 = SMA, 1 = EMA, 2 = SMMA, 3 = LWMA |
| Mode slow ma | 1 | 0 = SMA, 1 = EMA, 2 = SMMA, 3 = LWMA |
| Price fast ma | 0 | 0 = Close, 1 = Open, 2 = High, 3 = Low, 4 = HL/2, 5 = HLC/3, 6 = HLCC/4 |
| Price slow ma | 1 | 0 = Close, 1 = Open, 2 = High, 3 = Low, 4 = HL/2, 5 = HLC/3, 6 = HLCC/4 |
| Sound file name | Turn this alert on or off | |
| Active signal | true | |
| Normalize accuracy | 0.0000 |
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: Buy/Sell Arrows · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code