MACD 5 34 5
This Old Kings indicator for MetaTrader 4 is called MACD 5 34 5. Its name points to MACD (moving average convergence / divergence). In the code it works with moving averages. It has 3 settings, for example Fast EMA (default 5), Slow EMA (default 34) and Signal SMA (default 5). 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 MACD 5 34 5
MACD 5 34 5 is an indicator for MetaTrader 4 based on Moving Average. It has 3 settings, such as Fast ema, Slow ema and Signal sma. MQL source code included.
Files in the download: MACD 5-34-5.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Fast ema | 5 | |
| Slow ema | 34 | |
| Signal sma | 5 |
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: MACD · Moving Average · MT4 Indicator · MQL4 Source Code