Marketprofile Trendlines.mq4
This Old Kings indicator for MetaTrader 4 is called Marketprofile Trendlines.mq4. As the name suggests, the idea behind it is automatic trendlines. It draws arrows on the chart. It has 30 settings, for example Look Back (default 6), Use Volume Profile (default true) and Profile Timeframe Info (default use D, W, or M). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Marketprofile Trendlines.mq4
Marketprofile Trendlines.mq4 is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 30 settings, such as Look back, Use volume profile and Profile timeframe info. MQL source code included.
Files in the download: marketprofile_trendlines.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Look back | 6 | |
| Use volume profile | true | |
| Profile timeframe info | use D, W, or M | Period or timeframe used by the calculation |
| Profile timeframe | D | Period or timeframe used by the calculation |
| Day start hour | 0 | Hour when trading starts (server time) |
| Vatpo percent | 70.0 | |
| Tick size | 1 | |
| Extended poc lines | 5 | |
| Trendcolor | Silver | Colour on the chart |
| Spr0 | on/off settings.. | |
| Show price histogram | true | |
| Show value area | true | |
| Show vahval lines | true | |
| Show open close arrow | true | |
| Spr1 | design & colors.. | |
| Vol amplitude percent | 40.0 | |
| Histo height | 2 | |
| Histo color1 | C'55,100,135' | Colour on the chart |
| Histo color2 | C'45,90,125' | Colour on the chart |
| Open color | DarkGreen | Colour on the chart |
| Close color | Peru | Colour on the chart |
| Poc color | Peru | Colour on the chart |
| Virgin poc color | Yellow | Colour on the chart |
| Va color | C'16,16,16' | Colour on the chart |
| Va lines color | C'64,64,64' | Colour on the chart |
| Info color | Lime | Colour on the chart |
| Spr2 | Profile Data............. | |
| Daily profile data tf | 30 | |
| Weekly profile data tf | 60 | |
| Monthly profile data tf | 240 |
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: Trend · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code