Element FX
Element FX is an indicator for MetaTrader 4 from the Old Kings collection. It draws arrows on the chart, can send alerts and marks candlestick patterns. It has 40 settings, for example Shift Label (default 10), my SRlevel (default 1) and Num SRLines (default 5). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Element FX
Element FX is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and marks candlestick patterns. It has 40 settings, such as Shift label, My s rlevel and Num sr lines. MQL source code included.
Files in the download: Fire_Signal.ex4, Fire_Signal.mq4, Rock_Signal.ex4, Rock_Signal.mq4, Fire_Signal.dll, Rock_Signal.dll, Read Me.txt, fire&rock-combo.tpl ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Shift label | 10 | Bar shift (0 = current bar) |
| My s rlevel | 1 | |
| Num sr lines | 5 | |
| Win | 0 | |
| My font | Times New Roman | |
| My font size | 20 | |
| My bars | 100 | |
| My threshold | 1 | |
| My retrace pips | 20 | |
| My target pips | 20 | |
| Num comments | 5 | Comment written on the orders |
| Y inc legend | 50 | |
| Buy color | Lime | Colour on the chart |
| Wait color | Yellow | Colour on the chart |
| Sell color | Red | Colour on the chart |
| My upper trend line color | Red | Colour on the chart |
| My upper trend line style | 0 | |
| My upper trend line width | 2 | |
| My upper sound file | . | Turn this alert on or off |
| My lower trend line color | Blue | Colour on the chart |
| My lower trend line style | 0 | |
| My lower trend line width | 2 | |
| My lower sound file | siren.wav | Turn this alert on or off |
| My retrace line color | White | Colour on the chart |
| My retrace line style | 0 | |
| My retrace line width | 1 | |
| My target line color | White | Colour on the chart |
| My target line style | 0 | |
| My target line width | 1 | |
| My median line color | White | Colour on the chart |
| My median line style | 0 | |
| My median line width | 1 | |
| My upper trend line3 color | White | Colour on the chart |
| My upper trend line3 style | 0 | |
| My upper trend line3 width | 3 | |
| My lower trend line3 color | White | Colour on the chart |
| My lower trend line3 style | 0 | |
| My lower trend line3 width | 3 | |
| My upper sr color | White | Colour on the chart |
| My upper sr style | 0 |
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 · Alerts · Candlestick Patterns · MT4 Indicator · MQL4 Source Code