Super Arrow Indicator
This Old Kings indicator for MetaTrader 4 is called Super Arrow Indicator. As the name suggests, the idea behind it is buy / sell signals on the chart. In the code it works with RSI, moving averages and Bollinger Bands. It draws arrows on the chart and can send alerts. It has 11 settings, for example Faster Moving Average (default 5), Slower Moving Average (default 12) and RSIPeriod (default 12). 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 Super Arrow Indicator
Super Arrow Indicator is an indicator for MetaTrader 4 based on RSI, Moving Average and Bollinger Bands. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 11 settings, such as Faster moving average, Slower moving average and Rsi period. MQL source code included.
Files in the download: super-arrow-indicator.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Faster moving average | 5 | |
| Slower moving average | 12 | |
| Rsi period | 12 | Period or timeframe used by the calculation |
| Magic filter period | 1 | Magic number that tells this EA's orders apart |
| Bollingerbands period | 10 | Period or timeframe used by the calculation |
| Bollingerbands shift | 0 | Bar shift (0 = current bar) |
| Bollingerbands deviation | 0.5 | |
| Bulls power period | 50 | Period or timeframe used by the calculation |
| Bears power period | 50 | Period or timeframe used by the calculation |
| Alerts | TRUE | Turn this alert on or off |
| Utstup | 10 |
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 · Alerts · RSI · Moving Average · Bollinger Bands · MT4 Indicator · MQL4 Source Code