MBK Asctrend3times1
This Old Kings indicator for MetaTrader 4 is called MBK Asctrend3times1. In the code it works with an oscillator. It draws arrows on the chart. It has 5 settings, for example RISK (default 3), Numberof Alerts (default 0) and WPRLength1 (default 9,WPRLength2=33, WPRLeng). 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 MBK Asctrend3times1
MBK Asctrend3times1 is an indicator for MetaTrader 4 based on Oscillator. It draws buy and sell arrows on the chart. It has 5 settings, such as RISK, Numberof alerts and Wpr length1. MQL source code included.
Files in the download: MBKAsctrend3times1.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| RISK | 3 | Risk per trade (percent of balance) |
| Numberof alerts | 0 | Turn this alert on or off |
| Wpr length1 | 9,WPRLength2=33, WPRLength3=77 | |
| L toffset | -5 | |
| W1 | 1.0, w2=3.0, w3 = 1.0 | relative weights |
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 · Oscillator · MT4 Indicator · MQL4 Source Code