Forex ATR Ratchet Trading Indicator
This Old Kings indicator for MetaTrader 4 is called Forex ATR Ratchet Trading Indicator. As the name suggests, the idea behind it is ATR volatility. In the code it works with ATR. It draws arrows on the chart. It has 5 settings, for example Atr Length (default 1), LL Length (default 10) and HH Length (default 10). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 2 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 Forex ATR Ratchet Trading Indicator
Forex ATR Ratchet Trading Indicator is an indicator for MetaTrader 4 based on ATR. It draws buy and sell arrows on the chart. It has 5 settings, such as Atr length, Ll length and Hh length. MQL source code included.
Files in the download: ATR RATCHET.ex4, ATR RATCHET.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Atr length | 1 | |
| Ll length | 10 | |
| Hh length | 10 | |
| Ratio | 0.05 | |
| Start bar | 118 |
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 · MT4 Indicator · MQL4 Source Code