Parabolic Marsi Adaptive MACD 2
This Old Kings indicator for MetaTrader 4 is called Parabolic Marsi Adaptive MACD 2. Judging by its name, it is built around MACD (moving average convergence / divergence) and Parabolic SAR. In the code it works with RSI and moving averages. It draws arrows on the chart. It has 10 settings, for example Rsi Period1 (default 14), Speed1 (default 1.2) and Rsi Price1 (default PRICE_CLOSE). 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 Parabolic Marsi Adaptive MACD 2
Parabolic Marsi Adaptive MACD 2 is an indicator for MetaTrader 4 based on RSI and Moving Average. It draws buy and sell arrows on the chart. It has 10 settings, such as Rsi period1, Speed1 and Rsi price1. MQL source code included.
Files in the download: Parabolic marsi adaptive MACD.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Rsi period1 | 14 | First rsi period |
| Speed1 | 1.2 | First rsi speed |
| Rsi price1 | PRICE_CLOSE | First rsi price |
| Rsi period2 | 34 | Second rsi period |
| Speed2 | 0.8 | Second rsi speed |
| Rsi price2 | PRICE_CLOSE | Second rsi price |
| Signal period | 9 | Signal period |
| Signal method | ma_sma | Signal average type |
| Acc step | 0.01 | Accumulation step |
| Acc limit | 0.1 | Accumulation limit |
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 · Parabolic SAR · Buy/Sell Arrows · RSI · Moving Average · MT4 Indicator · MQL4 Source Code