Ribbon Trader
Ribbon Trader is an indicator for MetaTrader 4 from the Old Kings collection. Its source code uses moving averages. It draws arrows on the chart. It has 12 settings, for example my Font (default Arial Bold), my Font Size (default 20) and x Start (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 Ribbon Trader
Ribbon Trader is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart. It has 12 settings, such as My font, My font size and X start. MQL source code included.
Files in the download: RibbonTrader\RibbonTrader.jpg, RibbonTrader\RibbonTrader.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| My font | Arial Bold | |
| My font size | 20 | |
| X start | 0 | |
| X off set | 0 | |
| Ma period | 5 | Period or timeframe used by the calculation |
| Ma type | 1 | |
| Bar width | 0 | |
| Bar color up | Lime | Colour on the chart |
| Bar color down | Red | Colour on the chart |
| Text color | Black | Colour on the chart |
| Max bars | 500 | |
| My wingding | 110 |
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 · Moving Average · MT4 Indicator · MQL4 Source Code