Zerolag MACD Alerts Arrows
From the Old Kings archive: Zerolag MACD Alerts Arrows, an indicator for MetaTrader 4. Judging by its name, it is built around MACD (moving average convergence / divergence), alerts and buy / sell signals on the chart. In the code it works with moving averages, ATR and MACD. It draws arrows on the chart, can send alerts and can read another timeframe. It has 20 settings, for example time Frame (default current time frame), Fast EMA (default 12) and Slow EMA (default 26). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Zerolag MACD Alerts Arrows
Zerolag MACD Alerts Arrows is an indicator for MetaTrader 4 based on Moving Average, ATR and MACD. 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 20 settings, such as Time frame, Fast ema and Slow ema. MQL source code included.
Files in the download: Zerolag MACD - alerts arrows.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | current time frame | Period or timeframe used by the calculation |
| Fast ema | 12 | |
| Slow ema | 26 | |
| Signal ema | 9 | |
| Alerts arrows on | 0 | Turn this alert on or off |
| Macd price | PRICE_CLOSE | |
| Interpolate | true | |
| Arrows visible | true | |
| Arrows identifier | ZLMacdArrows | |
| Up arrow symbol code | 241 | |
| Down arrow symbol code | 242 | |
| Arrows up color | clrDeepSkyBlue | Colour on the chart |
| Arrows dn color | clrRed | Colour on the chart |
| Up arrow size | 1 | |
| Down arrow size | 1 | |
| Alerts on | false | Turn this alert on or off |
| Alerts on current | false | Turn this alert on or off |
| Alerts message | false | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
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: MACD · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · Moving Average · ATR · MT4 Indicator · MQL4 Source Code