Wolf Waves Scanner.mq4
Wolf Waves Scanner.mq4 is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to wave counting in the Elliott style. Its source code uses MACD. It draws arrows on the chart and can send alerts. It has 15 settings, for example Show Copyright (default FALSE), n Period (default 60) and Find For (default 15). 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 Wolf Waves Scanner.mq4
Wolf Waves Scanner.mq4 is an indicator for MetaTrader 4 based on MACD. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 15 settings, such as Show copyright, N period and Find for. MQL source code included.
Files in the download: wolf-waves-scanner.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Show copyright | FALSE | |
| N period | 60 | Period or timeframe used by the calculation |
| Find for | 15 | |
| Limit | 300 | |
| Label point | 15 | |
| Label show | TRUE | |
| Open windows 5 point | TRUE | |
| Alert 5 point | TRUE | Turn this alert on or off |
| Only diver | FALSE | |
| Wolf bull color | Blue | Colour on the chart |
| Wolf beer color | Red | Colour on the chart |
| Sweet zone color | Yellow | Colour on the chart |
| Macd fast ema | 12 | |
| Macd slow ema | 26 | |
| Macd signal sma | 9 |
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: Dashboards & Scanners · Buy/Sell Arrows · Alerts · MACD · MT4 Indicator · MQL4 Source Code