Braid Filter 2
This Old Kings indicator for MetaTrader 4 is called Braid Filter 2. In the code it works with moving averages and ATR. It has 6 settings, for example MAperiod1 (default 3), MAperiod2 (default 7) and MAperiod3 (default 14). 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 Braid Filter 2
Braid Filter 2 is an indicator for MetaTrader 4 based on Moving Average and ATR. It has 6 settings, such as M aperiod1, M aperiod2 and M aperiod3. MQL source code included.
Files in the download: Braid_Filter.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| M aperiod1 | 3 | Number of bars in the calculation |
| M aperiod2 | 7 | Number of bars in the calculation |
| M aperiod3 | 14 | Number of bars in the calculation |
| Atr period | 14 | Period or timeframe used by the calculation |
| Pips min sep percent | 40 | |
| Mode ma | MODE_SMMA |
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: Moving Average · ATR · MT4 Indicator · MQL4 Source Code