Slope Direction Line System
From the Old Kings archive: Slope Direction Line System, an indicator for MetaTrader 4. In the code it works with moving averages. It has 3 settings, for example period (default 10), method (default 3) and price (default 0). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 4 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 Slope Direction Line System
Slope Direction Line System is an indicator for MetaTrader 4 based on Moving Average. It has 3 settings, such as Period, Method and Price. MQL source code included.
Files in the download: ForexWOT.Com-SlopeDirectionLineSystem\ForexWOT.Com [Trading Rules].txt, ForexWOT.Com-SlopeDirectionLineSystem\Indicators\!FT HISTOGRAM.ex4, ForexWOT.Com-SlopeDirectionLineSystem\Indicators\!FT HISTOGRAM.mq4, ForexWOT.Com-SlopeDirectionLineSystem\Indicators\Slope Direction Line.ex4, ForexWOT.Com-SlopeDirectionLineSystem\Indicators\Slope Direction Line.mq4, ForexWOT.Com-SlopeDirectionLineSystem\Template\ForexWOT.Com-SlopeDirectionLineSy.
Settings
| Setting | Default | What it does |
|---|---|---|
| Period | 10 | Period or timeframe used by the calculation |
| Method | 3 | MODE_SMA |
| Price | 0 | PRICE_CLOSE |
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: Moving Average · MT4 Indicator · MQL4 Source Code