Price Action Easy 2
This Old Kings indicator for MetaTrader 4 is called Price Action Easy 2. Judging by its name, it is built around price action (reading the candles themselves). In the code it works with MACD, RSI, the Stochastic oscillator and moving averages. It can send alerts and can read another timeframe. It has 40 settings, for example RSI Period (default 21), RSI Price (default 0) and Overbought (default 50). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 8 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 Price Action Easy 2
Price Action Easy 2 is an indicator for MetaTrader 4 based on MACD, RSI, Stochastic and Moving Average. It can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 40 settings, such as Rsi period, Rsi price and Overbought. MQL source code included.
Files in the download: ADXm.ex4, FPH_Bars.mq4, FPH_Filter.mq4, FPH_HistoBars.mq4, FPH_Line.mq4, FPH_Meter.mq4, PipsBlasterPro.mq4, Price Action Easy.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Rsi period | 21 | Period or timeframe used by the calculation |
| Rsi price | 0 | |
| Overbought | 50 | |
| Oversold | 50 | |
| SF | 5 | |
| Momentum length | 14 | |
| Price | PRICE_CLOSE | |
| Smooth length | 5.0 | |
| Smooth phase | 0.0 | |
| Smooth double | false | |
| WP | 3.00 | |
| Alerts on | true | Turn this alert on or off |
| Alerts signal line cross | true | Turn this alert on or off |
| Alerts on current | false | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | true | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Sound alerts | TRUE | Turn this alert on or off |
| Email alerts | FALSE | Turn this alert on or off |
| Time frame | Current time frame | Period or timeframe used by the calculation |
| Adx vma period | 10 | Period or timeframe used by the calculation |
| Adx vma price | PRICE_MEDIAN | |
| Trend mode | false | |
| Multi color mode | true | Colour on the chart |
| Interpolate | true | |
| Currency pairs | EU,GU,AU,UJ,UF,UC,EJ,EG,EF,EA,GJ,GF | |
| Font name | Courier New | |
| Font size | 20 | |
| Output format | R3.1 | |
| Horiz pos | 10 | |
| Vert pos | 25 | |
| Vert spacing | 25 | |
| Refresh every x mins | 0 | |
| Color1 | Red | Colour on the chart |
| Level1 | 7.0 | |
| Color2 | Orange | Colour on the chart |
| Level2 | 5.0 | |
| Color3 | Yellow | Colour on the chart |
| Level3 | 2.0 | |
| Color4 | DodgerBlue | Colour on the chart |
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: Price Action · Alerts · Multi-Timeframe (MTF) · MACD · RSI · Stochastic · Moving Average · MT4 Indicator · MQL4 Source Code