4H Simple System(D)
From the Old Kings archive: 4H Simple System(D), an indicator for MetaTrader 4. In the code it works with ATR. It can send alerts. It has 18 settings, for example Use Sunday Data (default True), Daily (default True) and Daily SR Levels (default False). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 4 indicator files with source code (.mq4) you can open and edit in MetaEditor and a PDF guide. 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 4H Simple System(D)
4H Simple System(D) is an indicator for MetaTrader 4 based on ATR. It can alert you with a pop-up, sound, email or push message. It has 18 settings, such as Use sunday data, Daily and Daily sr levels. MQL source code included.
Files in the download: AutoPivotIndicator.ex4, AutoPivotIndicator.mq4, Damiani_volatmeter.mq4, Period_Converter_Opt.mq4, 4H Simple System.pdf.
Settings
| Setting | Default | What it does |
|---|---|---|
| Use sunday data | True | |
| Daily | True | |
| Daily sr levels | False | |
| Weekly | True | |
| Weekly sr levels | False | |
| Monthly | True | |
| Monthly sr levels | False | |
| Viscosity | 13 | |
| Sedimentation | 50 | |
| Threshold level | 1.3 | |
| Lag supressor | true | |
| Version | 1.4 | code version |
| Build info | 2005.12.24 by wfy05@talkforex.com | |
| Period multiplier | 2 | new period multiplier factor |
| Output csv file | 0 | also output CSV file? |
| Update interval | 0 | update interval in milliseconds, zero means update real-time. |
| Enabled | true | |
| Debug | false |
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: Alerts · ATR · MT4 Indicator · MQL4 Source Code