TW System
This Old Kings indicator for MetaTrader 4 is called TW System. In the code it works with moving averages. It draws arrows on the chart, can send alerts and can read another timeframe. It has 40 settings, for example PERIOD (default 10), AVERAGE (default 5) and Include High (default true). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 51 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 TW System
TW System is an indicator for MetaTrader 4 based on Moving Average. 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 40 settings, such as Period, Average and Include high. MQL source code included.
Files in the download: ###QQE_Alert_MTF_v5###.ex4, All Pivots (no Sunday).ex4, BBand Stop Alert.ex4, BuySell Line.ex4, Clock.ex4, Currency Strength.ex4, FDM Entry Arrows with Alerts.ex4, Filter 1.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Period | 10 | Period or timeframe used by the calculation |
| Average | 5 | |
| Include high | true | |
| Include medium | true | |
| Include low | false | |
| Include speaks | true | news items with "Speaks" in them have different characteristics |
| Is ea call | false | |
| Offset hours | 0 | |
| Alert1 mins before | -1 | Set to -1 for no Alert |
| Alert2 mins before | -1 | Set to -1 for no Alert |
| Report all for usd | false | |
| Enable logging | false | Perhaps remove this from externs once its working well |
| Show next two events | true | |
| Show vert news | false | |
| Txt size | 10 | |
| Txt color title | LightGray | Colour on the chart |
| Txt color news | DeepSkyBlue | Colour on the chart |
| Txt color impact | Red | Colour on the chart |
| Txt color previous | Peru | Colour on the chart |
| Txt color forecast | Lime | Colour on the chart |
| Vert txt shift | 21 | How far away below the ask line we want to place our vertical news text |
| Vert left line shift | 900 | How far away to the left of the line we want to place our vertical news text |
| Vert right line shift | 200 | How far away to the left of the line we want to place our vertical news text |
| Vert line color | SlateBlue | Color of our vertical news line |
| Vert txt color | Black | Color of our vertical text color |
| Vert txt size | 8 | Color of our vertical text |
| News corner | 0 | Choose which corner to place headlines 0=Upper Left, 1=Upper Right, 2=lower left , 3=lower right |
| Save xml files | false | If true, this will keep the daily XML files |
| Allow web updates | true | Set this to false when another indicator instance is already |
| Midpivots | false | |
| Fhr | false | |
| Daily | false | |
| Weekly | false | |
| Monthly | true | |
| Period1 | PERIOD_D1 | Number of bars in the calculation |
| All bars | 240 | |
| Bars for fract | 0 | |
| Snake half cycle | 7 | Snake_HalfCycle = 4...10 or other |
| SR | 1 | |
| SRZZ | 36 |
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) · Moving Average · MT4 Indicator · MQL4 Source Code