Obv 2.1 Bands Arrows
Obv 2.1 Bands Arrows is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around buy / sell signals on the chart. Its source code uses ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 14 settings, for example Time Frame (default PERIOD_CURRENT), Band Period (default 20) and Band Deviation (default 3.00). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Obv 2.1 Bands Arrows
Obv 2.1 Bands Arrows is an indicator for MetaTrader 4 based on ATR. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 14 settings, such as Time frame, Band period and Band deviation. MQL source code included.
Files in the download: obv 2.1 bands arrows.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | PERIOD_CURRENT | Time frame to use |
| Band period | 20 | Bands period |
| Band deviation | 3.00 | Bands deviation |
| Alerts on | false | Turn alerts on? |
| Alerts on current | false | Alerts on a current bar? |
| Alerts message | true | Alerts should show pop-up message? |
| Alerts sound | false | Alerts should play alert sound? |
| Alerts email | false | Alerts should send email? |
| Arrows visible | true | Arrows visible? |
| Arrows identifier | obv arrows1 | Arrows unique ID |
| Arrows displacement | 1.0 | Arros displacement (gap) |
| Arrows up color | clrLimeGreen | Arrows up color |
| Arrows dn color | clrRed | Arrows down color |
| Interpolate | true | Interpolate in multi time frame mode? |
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: Volume · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · ATR · MT4 Indicator · MQL4 Source Code