Zonetrade Indicator
From the Old Kings archive: Zonetrade Indicator, an indicator for MetaTrader 4. In the code it works with Momentum. It has 5 settings, for example Green Zone (default Green), Red Zone (default Red) and Grey Zone (default Gray). 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 Zonetrade Indicator
Zonetrade Indicator is an indicator for MetaTrader 4 based on Momentum. It has 5 settings, such as Green zone, Red zone and Grey zone. MQL source code included.
Files in the download: zonetrade-indicator.mq4, Professional Trading System.url.
Settings
| Setting | Default | What it does |
|---|---|---|
| Green zone | Green | |
| Red zone | Red | |
| Grey zone | Gray | |
| Body width | 3 | |
| Shadow width | 1 |
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: Momentum · MT4 Indicator · MQL4 Source Code