Positron
This Old Kings indicator for MetaTrader 4 is called Positron. In the code it works with RSI and moving averages. It draws arrows on the chart and can send alerts. It has 24 settings, for example Bands Period (default 20), Bands Shift (default 0) and Bands Deviations (default 2.0). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 15 indicator files with source code (.mq4) you can open and edit in MetaEditor and a PDF guide. 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 Positron
Positron is an indicator for MetaTrader 4 based on RSI and 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 24 settings, such as Bands period, Bands shift and Bands deviations. MQL source code included.
Files in the download: POSITRON\POSITRON.pdf, POSITRON\MQL4\Indicators\#Xaser-FV.ex4, POSITRON\MQL4\Indicators\a_timer.ex4, POSITRON\MQL4\Indicators\Bands.ex4, POSITRON\MQL4\Indicators\Bands.mq4, POSITRON\MQL4\Indicators\Elder Impulse Candle Color.ex4, POSITRON\MQL4\Indicators\MA2_Signal_ver2.1.ex4, POSITRON\MQL4\Indicators\MA2_Signal_ver2.1.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Bands period | 20 | Bands Period |
| Bands shift | 0 | Bands Shift |
| Bands deviations | 2.0 | Bands Deviations |
| Period fast ma | 5 | Number of bars in the calculation |
| Period slow ma | 7 | Number of bars in the calculation |
| Mode fast ma | 1 | 0 = SMA, 1 = EMA, 2 = SMMA, 3 = LWMA |
| Mode slow ma | 1 | 0 = SMA, 1 = EMA, 2 = SMMA, 3 = LWMA |
| Price fast ma | 0 | 0 = Close, 1 = Open, 2 = High, 3 = Low, 4 = HL/2, 5 = HLC/3, 6 = HLCC/4 |
| Price slow ma | 1 | 0 = Close, 1 = Open, 2 = High, 3 = Low, 4 = HL/2, 5 = HLC/3, 6 = HLCC/4 |
| Enable alert | false | Turn this alert on or off |
| Enable sound | true | Turn this alert on or off |
| Sound file name up | .wav | Turn this alert on or off |
| Sound file name dn | .wav | Turn this alert on or off |
| Fast ema | 10 | |
| Slow ema | 20 | |
| Signal ema | 1 | |
| M aof signal per | 7 | |
| Period rsi | 14 | Number of bars in the calculation |
| SR | 3 | = ZZx2 |
| Main rzz | 13 | = ZZx2 |
| FP | 21 | |
| SMF | 3 | |
| Nc hs | 3 | |
| Prefix | SCHs |
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 · Alerts · RSI · Moving Average · MT4 Indicator · MQL4 Source Code