MACD Colored V103
This Old Kings indicator for MetaTrader 4 is called MACD Colored V103. Judging by its name, it is built around MACD (moving average convergence / divergence). The file name marks it as version 103. In the code it works with moving averages. It can send alerts. It has 8 settings, for example Alert On (default ANY), EMail Alert (default true) and Max Alerts (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 · v103 · Free
About MACD Colored V103
MACD Colored V103 is an indicator for MetaTrader 4 based on Moving Average. It can alert you with a pop-up, sound, email or push message. It has 8 settings, such as Alert on, E mail alert and Max alerts. MQL source code included.
Files in the download: MACD_Colored_v103.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Alert on | ANY | Turn this alert on or off |
| E mail alert | true | Turn this alert on or off |
| Max alerts | 3 | Turn this alert on or off |
| Alert before minutes | 15 | Turn this alert on or off |
| Alert every minutes | 5 | Turn this alert on or off |
| Show signal | true | |
| Font size | 8 | |
| Font color | Silver | Colour on the chart |
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 · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code