Parabolic MA +Alert 2
This Old Kings indicator for MetaTrader 4 is called Parabolic MA +Alert 2. Judging by its name, it is built around moving averages, Parabolic SAR and alerts. In the code it works with moving averages. It draws arrows on the chart and can send alerts. It has 6 settings, for example MA (default 24), MA Mode (default 2) and MA Price (default 0). 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 Parabolic MA +Alert 2
Parabolic MA +Alert 2 is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 6 settings, such as MA, Ma mode and Ma price. MQL source code included.
Files in the download: Parabolic MA +Alert 2.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| MA | 24 | Period MA |
| Ma mode | 2 | 0=sma, 1=ema, 2=smma, 3=lwma |
| Ma price | 0 | 0-CLOSE,1-OPEN,2-HIGH,3-LOW,4-MEDIAN,5-TYPICAL,6-WEIGHTED |
| Step | 0.02 | Distance between orders |
| Maximum | 0.08 | |
| Alert sound | true | Turn this alert on or off |
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: Moving Average · Parabolic SAR · Alerts · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code