Forex Automatic Parabolic Support Resistance Levels Indicator
Forex Automatic Parabolic Support Resistance Levels Indicator is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to Parabolic SAR and support / resistance levels. Its source code uses Parabolic SAR. It draws arrows on the chart. It has 8 settings, for example Hello From (default www.Brooky-Indicators.c), bars back (default 200) and sar step (default 0.02). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Forex Automatic Parabolic Support Resistance Levels Indicator
Forex Automatic Parabolic Support Resistance Levels Indicator is an indicator for MetaTrader 4 based on Parabolic SAR. It draws buy and sell arrows on the chart. It has 8 settings, such as Hello from, Bars back and Sar step. MQL source code included.
Files in the download: Brooky_Psar_Levels.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Hello from | www.Brooky-Indicators.com | |
| Bars back | 200 | |
| Sar step | 0.02 | Distance between orders |
| Sar max | 0.2 | |
| Level style | 2 | |
| Price size | 2 | |
| Lowpsar | DodgerBlue | |
| Hipsar | DarkOrange |
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: Support & Resistance · Parabolic SAR · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code