ATR Stops With Magic FX
This Old Kings indicator for MetaTrader 4 is called ATR Stops With Magic FX. Its name points to ATR volatility. In the code it works with Bollinger Bands. It draws arrows on the chart, can send alerts and can read another timeframe. It has 21 settings, for example Time Frame (default PERIOD_CURRENT), Ma Period (default 2) and Ma Method (default ma_slwma). 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. 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 ATR Stops With Magic FX
ATR Stops With Magic FX is an indicator for MetaTrader 4 based on Bollinger Bands. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 21 settings, such as Time frame, Ma period and Ma method. MQL source code included.
Files in the download: ATR Stops with Magic FX\FREE TRADING SYSTEMS AND INDICATORS.url, ATR Stops with Magic FX\MQL4\Indicators\ATR - Stops1.01 (mtf + alerts).mq4, ATR Stops with Magic FX\MQL4\Indicators\FIB - MarketHours.ex4, ATR Stops with Magic FX\MQL4\Indicators\Magic Fx Formula.mq4, ATR Stops with Magic FX\MQL4\Indicators\Pivot_Points_-_Daily_sShiftedd.ex4, ATR Stops with Magic FX\templates\ATR stops with Magic FX.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | PERIOD_CURRENT | Time frame |
| Ma period | 2 | Ma period |
| Ma method | ma_slwma | Moving average method |
| Atr period | 10 | Atr period |
| Kv | 2.0 | Distance from price |
| Price | pr_close | Price |
| Alerts on | false | Turn alerts on? |
| Alerts on current | false | Alerts on still opened bar? |
| Alerts message | true | Alerts should display message? |
| Alerts sound | false | Alerts should play a sound? |
| Alerts notify | false | Alerts should send a notification? |
| Alerts email | false | Alerts should send an email? |
| Sound file | alert2.wav | Sound file |
| Display what | _disLin+_disBar | Display type |
| Bars width | 1 | Candle wick width if candles are used |
| Wick width | 2 | Candle body width if candles are used |
| Color up | clrLimeGreen | Color for up |
| Color dn | clrOrangeRed | Color for down |
| Interpolate | true | Interpolate in multi time frame mode? |
| Alert on | TRUE | Turn this alert on or off |
| TRUE | Turn this alert on or off |
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: ATR · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · Bollinger Bands · MT4 Indicator · MQL4 Source Code