VSA Trend Diamonds.mq4
From the Old Kings archive: VSA Trend Diamonds.mq4, an indicator for MetaTrader 4. Judging by its name, it is built around volume and following the trend. In the code it works with moving averages, Bollinger Bands and Parabolic SAR. It draws arrows on the chart. It has 8 settings, for example period ma (default 5), method (default MODE_SMMA) and price (default PRICE_CLOSE). 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 VSA Trend Diamonds.mq4
VSA Trend Diamonds.mq4 is an indicator for MetaTrader 4 based on Moving Average, Bollinger Bands and Parabolic SAR. It draws buy and sell arrows on the chart. It has 8 settings, such as Period ma, Method and Price. MQL source code included.
Files in the download: VSA TrendDiamonds.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Period ma | 5 | Number of bars in the calculation |
| Method | MODE_SMMA | |
| Price | PRICE_CLOSE | |
| Step psar | 0.01 | Distance between orders |
| Max psar | 0.3 | |
| Period boll | 14 | Number of bars in the calculation |
| Dev boll | 2 | |
| Bolldiff | 15 |
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 · Bollinger Bands · Parabolic SAR · MT4 Indicator · MQL4 Source Code