Engulfing
Engulfing — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around candlestick patterns. It draws arrows on the chart and can send alerts. It has 4 settings, for example Alert ON (default false), color Bulls (default DeepSkyBlue) and color Bears (default Red). 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 Engulfing
Engulfing is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 4 settings, such as Alert on, Color bulls and Color bears. MQL source code included.
Files in the download: Engulfing.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Alert on | false | Turn this alert on or off |
| Color bulls | DeepSkyBlue | Colour on the chart |
| Color bears | Red | Colour on the chart |
| Draw candle | true |
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: Candlestick Patterns · Buy/Sell Arrows · Alerts · MT4 Indicator · MQL4 Source Code