3 Parabolic System
From the Old Kings archive: 3 Parabolic System, an indicator for MetaTrader 5. Its name points to Parabolic SAR. In the code it works with Parabolic SAR. It draws arrows on the chart and can send alerts. It has 10 settings, for example Alert Count (default 0), Signal Bar (default 1) and Junior Step (default 0.02). 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 (.mq5) 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 · MT5 · v1.0 · Free
About 3 Parabolic System
3 Parabolic System is an indicator for MetaTrader 5 based on Parabolic SAR. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 10 settings, such as Alert count, Signal bar and Junior step. MQL source code included.
Files in the download: 1328493366.png, 3Parabolic_System.mq5, red this.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Alert count | 0 | Number of submitted alerts |
| Signal bar | 1 | Signal bar index, 0 is a current bar |
| Junior step | 0.02 | Junior iSAR step |
| Junior maximum | 0.2 | Junior iSAR maximum |
| Middle time frame | PERIOD_H1 | Middle iSAR chart period |
| Middle step | 0.02 | Middle iSAR step |
| Middle maximum | 0.2 | Middle iSAR maximum |
| Senior time frame | PERIOD_H12 | Senior iSAR chart period |
| Senior step | 0.02 | Senior iSAR step |
| Senior maximum | 0.2 | Senior iSAR maximum |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 5 open File → Open Data Folder, then go to MQL5 → Indicators.
- Copy the .mq5 file(s) there. Put any .mqh files in MQL5 → Include.
- Open the .mq5 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: Parabolic SAR · Buy/Sell Arrows · Alerts · MT5 Indicator · MQL5 Source Code