Trend Envelopes V2
This Old Kings indicator for MetaTrader 4 is called Trend Envelopes V2. As the name suggests, the idea behind it is moving-average envelopes and following the trend. The file name marks it as version 2. In the code it works with moving averages. It draws arrows on the chart and can send alerts. It has 5 settings, for example MA Period (default 10), MA Method (default 0) and Use Signal (default 0). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 · v2 · Free
About Trend Envelopes V2
Trend Envelopes V2 is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 5 settings, such as Ma period, Ma method and Use signal. MQL source code included.
Files in the download: TrendEnvelopes_v2.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma period | 10 | Period or timeframe used by the calculation |
| Ma method | 0 | |
| Use signal | 0 | |
| Alert mode | 0 | Turn this alert on or off |
| Warning mode | 0 |
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: Channels & Envelopes · Trend · Buy/Sell Arrows · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code