Absolute Strength Exit
This Old Kings indicator for MetaTrader 4 is called Absolute Strength Exit. As the name suggests, the idea behind it is currency strength across pairs. It draws arrows on the chart. It has 6 settings, for example Mode (default 0), Length (default 10) and Smooth (default 5). 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 Absolute Strength Exit
Absolute Strength Exit is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 6 settings, such as Mode, Length and Smooth. MQL source code included.
Files in the download: AbsoluteStrength_exit.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Mode | 0 | 0-RSI method; 1-Stoch method |
| Length | 10 | Period |
| Smooth | 5 | Period of smoothing |
| Signal | 5 | Period of Signal Line |
| Price | 0 | Price mode : 0-Close,1-Open,2-High,3-Low,4-Median,5-Typical,6-Weighted |
| Mode ma | 3 | Mode of Moving Average |
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 · MT4 Indicator · MQL4 Source Code