Power Gold
Power Gold is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around gold (XAUUSD). Its source code uses divergence checks, moving averages and CCI. It draws arrows on the chart and can send alerts. It has 40 settings, for example Jaws Period (default 13), Jaws Shift (default 8) and Teeth Period (default 8). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 57 indicator files 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 Power Gold
Power Gold is an indicator for MetaTrader 4 based on Divergence, Moving Average and CCI. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 40 settings, such as Jaws period, Jaws shift and Teeth period. MQL source code included.
Files in the download: red this.txt, Indicators\8-PODER-DIARIO-DAS-MOEDAS.ex4, Indicators\Accelerator.ex4, Indicators\Accelerator.mq4, Indicators\Accumulation.ex4, Indicators\Accumulation.mq4, Indicators\Alligator.ex4, Indicators\Alligator.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Jaws period | 13 | Jaws Period |
| Jaws shift | 8 | Jaws Shift |
| Teeth period | 8 | Teeth Period |
| Teeth shift | 5 | Teeth Shift |
| Lips period | 5 | Lips Period |
| Lips shift | 3 | Lips Shift |
| Atr period | 14 | ATR Period |
| Bands period | 20 | Bands Period |
| Bands shift | 0 | Bands Shift |
| Bands deviations | 2.0 | Bands Deviations |
| Text color | Chocolate | Colour on the chart |
| Font size | 10 | |
| Font name | Lucida Console | Was 9,Verdana but spaces were too narrow. Must have fixed font. Alt: Fixedsys |
| Display time by the bar | true | |
| Display time comment | false | Comment written on the orders |
| Text usually above price line | false | |
| Spread factor | 1.0 | 1.0 is normal. If >1, text is farther away from price line. |
| Auto time shift adjust | true | Necessary when used with "P4L PeriodCon.mq4". It adjusts for Symbol() names like: "EURUSD+1H" |
| Adjust weekly time remain by min | 0 | At least one broker's Weekly feed has a flakey error. The weekly bars SAY they begin |
| Bears period | 13 | Bears Period |
| Bulls period | 13 | Period or timeframe used by the calculation |
| Cci period | 14 | CCI Period |
| Trend cci period | 20 | Period or timeframe used by the calculation |
| Entry cci period | 0 | Period or timeframe used by the calculation |
| Zero cross alert | true | Turn this alert on or off |
| Alert level includes negative | 0 | Turn this alert on or off |
| Show ema | false | |
| Ema period | Period or timeframe used by the calculation | |
| Ema of trend cci or entry cci | TrendCCI | |
| Automatic timeframe setting | Period or timeframe used by the calculation | |
| M1 trend cci period | 50 | Period or timeframe used by the calculation |
| M1 entry cci period | 14 | Period or timeframe used by the calculation |
| M5 trend cci period | 50 | Period or timeframe used by the calculation |
| M5 entry cci period | 14 | Period or timeframe used by the calculation |
| M15 trend cci period | 14 | Period or timeframe used by the calculation |
| M15 entry cci period | 6 | Period or timeframe used by the calculation |
| M30 trend cci period | 14 | Period or timeframe used by the calculation |
| M30 entry cci period | 6 | Period or timeframe used by the calculation |
| H1 trend cci period | 14 | Period or timeframe used by the calculation |
| H1 entry cci period | 6 | Period or timeframe used by the calculation |
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: Gold (XAUUSD) · Buy/Sell Arrows · Alerts · Divergence · Moving Average · CCI · MT4 Indicator · MQL4 Source Code