Tested Concept System V3
Tested Concept System V3 — a MetaTrader 4 indicator kept in the Old Kings collection. This copy is version 3. Its source code uses the Stochastic oscillator and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 20 settings, for example Stoch Period (default 20), Sensitive (default 5) and overbought value (default 99.9). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 5 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 · v3 · Free
About Tested Concept System V3
Tested Concept System V3 is an indicator for MetaTrader 4 based on Stochastic and ATR. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 20 settings, such as Stoch period, Sensitive and Overbought value. MQL source code included.
Files in the download: AIzig.ex4, DivStochv5_mod.ex4, DivStochv5_mod.mq4, XO - mtf & alerts - choosable symbol ( 2 in 1 ).ex4, XO - mtf & alerts - choosable symbol ( 2 in 1 ).mq4, tested.tpl, Tested Concept System V3.jpg.
Settings
| Setting | Default | What it does |
|---|---|---|
| Stoch period | 20 | Period or timeframe used by the calculation |
| Sensitive | 5 | |
| Overbought value | 99.9 | |
| Oversold value | -99.9 | |
| Time frame | Current time frame | Period or timeframe used by the calculation |
| For symbol | ||
| Box size1 | 6.5 | |
| Box size2 | 30.0 | |
| Arrows identifier | XOarrows | |
| Show arrows1 | false | |
| Arrows up color1 | DeepSkyBlue | Colour on the chart |
| Arrows dn color1 | PaleVioletRed | Colour on the chart |
| Show arrows2 | false | |
| Arrows up color2 | Gold | Colour on the chart |
| Arrows dn color2 | Gray | Colour on the chart |
| Alerts on | false | Turn this alert on or off |
| Alerts on current | true | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
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 · Multi-Timeframe (MTF) · Stochastic · ATR · MT4 Indicator · MQL4 Source Code