123 Patterns V6
123 Patterns V6 — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to candlestick patterns. This copy is version 6. Its source code uses ZigZag. It draws arrows on the chart. It has 10 settings, for example Notes (default 15pip RangeBars Basic Se), Zig Zag Depth (default 12) and Retrace Depth Min (default 0.4). 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 · v6 · Free
About 123 Patterns V6
123 Patterns V6 is an indicator for MetaTrader 4 based on ZigZag. It draws buy and sell arrows on the chart. It has 10 settings, such as Notes, Zig zag depth and Retrace depth min. MQL source code included.
Files in the download: 123PatternsV6.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Notes | 15pip RangeBars Basic Setup | |
| Zig zag depth | 12 | |
| Retrace depth min | 0.4 | |
| Retrace depth max | 1.0 | |
| Show all lines | True | |
| Show all breaks | True | |
| Show targets | False | |
| Target1 multiply | 1.5 | How much the lot size grows after a loss |
| Target2 multiply | 3.0 | How much the lot size grows after a loss |
| Hide transitions | True |
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: Buy/Sell Arrows · ZigZag · MT4 Indicator · MQL4 Source Code