What is Forex Darvas Pointer?
Forex Darvas Pointer is an MT4 indicator that plots a Darvas box reading as a colored histogram. A green histogram marks a rising trend and a yellow one marks a falling trend.
How to use Forex Darvas Pointer
Arrows appear when the histogram changes color. The sign is drawn one candle after that change.
Where it helps
Assess trend direction from one continuous reading
Confirm a new sign through a message, sound or email alert
Organize the arrow and vertical line styling for readability
MT4 Indicator Parameters
The table below lists the available MT4 indicator parameters. You can customize these options in the MetaTrader Inputs dialog to match your trading preferences.
| Parameter | Description |
|---|---|
| TimeFrame | Sets the timeframe the indicator is based on. |
| PriceSmoothing | Sets how strongly the price is smoothed. |
| PriceSmoothingMethod | Selects the calculation method used to smooth the price. |
| FilterInPips | Sets the filter used to remove noise, in pips. |
| alertsOn | — |
| alertsOnCurrent | Controls whether an alert is raised before the current bar closes. |
| alertsMessage | Controls whether a message alert is enabled. |
| alertsSound | Controls whether a sound alert is enabled. |
| alertsEmail | Controls whether an email alert is enabled. |
| ShowArrows | Controls whether the arrows are drawn on the chart. |
| arrowsOnFirst | Controls whether only the first sign draws an arrow. |
| arrowsIdentifier | Sets the identifier of the arrows so they do not clash with other indicators. |
| arrowsUpperGap | Sets how far above the price the arrow is placed. |
| arrowsLowerGap | Sets how far below the price the arrow is placed. |
| arrowsUpColor | Sets the color of the up arrow. |
| arrowsDnColor | Sets the color of the down arrow. |
| arrowsUpCode | Sets the Wingdings symbol code of the up arrow. |
| arrowsDnCode | Sets the Wingdings symbol code of the down arrow. |
| arrowsUpSize | Sets the size of the up arrow. |
| arrowsDnSize | Sets the size of the down arrow. |
| verticalLinesVisible | Controls whether the vertical lines are drawn. |
| linesOnFirst | — |
| verticalLinesID | Sets the identifier of the vertical lines so they do not clash with other indicators. |
| verticalLinesUpColor | Sets the color of the vertical line drawn for an up sign. |
| verticalLinesDnColor | Sets the color of the vertical line drawn for a down sign. |
| verticalLinesStyle | — |
| verticalLinesWidth | Sets the width of the vertical lines. |
| Interpolate | Controls whether data interpolation is enabled. |
| DotSize | Sets the size of the dots. |
| DotsOnFirst | Controls whether only the first sign draws a dot. |
The screenshot above shows the default input parameters in the MT4 settings window.
How to Install .ex4 Indicator in MetaTrader 4
- Download the ZIP file and extract it.
- In MT4, select File → Open Data Folder.
- Open MQL4 → Indicators and copy the EX4 or MQ4 file into it.
- If the package includes library files, copy them to MQL4 → Libraries. Copy TPL files to the top-level templates folder.
- Restart MT4, find the indicator in the Navigator, and drag it onto a chart.
Test the tool on a demo account first. File contents and required folders can vary between packages.
