SMART1M
From the Old Kings archive: SMART1M, an indicator for MetaTrader 4. In the code it works with Bollinger Bands. It draws arrows on the chart and can read another timeframe. It has 29 settings, for example use SMA (default true), Signal SMA (default 9) and TMA centered name (default TMAcentered). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 3 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 SMART1M
SMART1M is an indicator for MetaTrader 4 based on Bollinger Bands. It draws buy and sell arrows on the chart and can show data from another timeframe (MTF). It has 29 settings, such as Use sma, Signal sma and Tma centered name. MQL source code included.
Files in the download: SMART1M\Indicator\DL Hurst MACD st2050 v3-5.mq4, SMART1M\Indicator\DOLLAR PILE 2019.mq4, SMART1M\Indicator\Zig Zag Arrow.mq4, SMART1M\TPL\Smart1MEURUSD.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Use sma | true | |
| Signal sma | 9 | Signal SMA Period |
| Tma centered name | TMAcentered | |
| Tma slow value | 66 | |
| Tma fast value | 22 | |
| St2050 commom settings | --- st2050 Common Settings --- | |
| Timeframe | 0 | Period or timeframe used by the calculation |
| Max bars | 1000 | |
| Wait for close | true | |
| Recalc on close | true | |
| St2050 levels settings | --- st2050 Levels Settings --- | |
| Level color up | RoyalBlue | Colour on the chart |
| Level color down | Sienna | Colour on the chart |
| Level zero color | DimGray | Colour on the chart |
| Set zero level | true | |
| Set common levels | true | |
| Common level distance | 20 | Distance between orders |
| Set extra levels | true | |
| Extra level distance | 50 | Distance between orders |
| Level multiplier | 1 | How much the lot size grows after a loss |
| Level multiplier auto | true | How much the lot size grows after a loss |
| Level multiplier auto common | 0.35 | How much the lot size grows after a loss |
| Level multiplier auto extra | 0.8 | How much the lot size grows after a loss |
| Highlight mode | 2 | |
| Show arrows | 2 | |
| Length | 14 | |
| Depth | 12 | |
| Deviation | 5 | |
| Backstep | 3 | Distance between orders |
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 · Multi-Timeframe (MTF) · Bollinger Bands · MT4 Indicator · MQL4 Source Code