Trend Following System 2
Trend Following System 2 — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is following the trend. Its source code uses moving averages, ADX and Parabolic SAR. It draws arrows on the chart. It has 40 settings, for example Indicator Setup (default >>> Indicator Setup:<<<), ADX Period (default 14) and ADX Price (default PRICE_CLOSE). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 15 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 Trend Following System 2
Trend Following System 2 is an indicator for MetaTrader 4 based on Moving Average, ADX and Parabolic SAR. It draws buy and sell arrows on the chart. It has 40 settings, such as Indicator setup, Adx period and Adx price. MQL source code included.
Files in the download: Cynthia's_Signal_Entry_Stop.ex4, FerruFx_Multi_info THV.ex4, GG-TrendBar.ex4, GG-TrendBar.mq4, Pivot Points Multitimeframe.ex4, Pivot Points Multitimeframe.mq4, RibbonTrader.ex4, RibbonTrader.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Indicator setup | >>> Indicator Setup:<<< | |
| Adx period | 14 | Period or timeframe used by the calculation |
| Adx price | PRICE_CLOSE | |
| Step psar | 0.02 | Distance between orders |
| Max psar | 0.2 | |
| Display setup | >>> Display Setup:<<< | |
| Up color | Lime | Colour on the chart |
| Down color | Red | Colour on the chart |
| Flat color | Yellow | Colour on the chart |
| Text color | Aqua | Colour on the chart |
| Corner | 0 | |
| Midpivots | false | |
| Fhr | false | |
| Daily | true | |
| Weekly | true | |
| Monthly | true | |
| Period1 | PERIOD_D1 | Number of bars in the calculation |
| My font | Arial Bold | |
| My font size | 20 | |
| X start | 0 | |
| X off set | 0 | |
| Ma period | 5 | Period or timeframe used by the calculation |
| Ma type | 1 | |
| Bar width | 0 | |
| Bar color up | Lime | Colour on the chart |
| Bar color down | Red | Colour on the chart |
| Max bars | 500 | |
| My wingding | 110 | |
| Win | 0 | |
| Note time ny | 14:00 server time = 05:00 mst | |
| Note time au | 23:00 server time = 14:00 mst | |
| Note time ld | 09:00 server time = 00:00 mst | |
| My hhmm | 13:00 | 05:00 am pst = 14:00 server time |
| My message | NY | |
| Buy message | BUY SIGNAL | |
| Wait message | WAIT FOR SIGNAL | |
| Sell message | SELL SIGNAL | |
| Rdy message | READY TO ENTER | |
| Buy color | Lime | Colour on the chart |
| Wait color | Yellow | Colour on the chart |
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: Trend · Buy/Sell Arrows · Moving Average · ADX · Parabolic SAR · MT4 Indicator · MQL4 Source Code