Forex Best Rend Line Trading Strategy
Forex Best Rend Line Trading Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. Its source code uses ATR. It draws arrows on the chart and can send alerts. It has 40 settings, for example Period1 (default 5), Period2 (default 13) and Period3 (default 34). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 11 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 Best Rend Line Trading Strategy
Forex Best Rend Line Trading Strategy is an indicator for MetaTrader 4 based on ATR. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 40 settings, such as Period1, Period2 and Period3. MQL source code included.
Files in the download: Best trend line trader DeMark template.tpl, #FS30_3.ex4, 1a.ex4, 3_Level_ZZ_Semafor.ex4, 3_Level_ZZ_Semafor.mq4, ARCAYINDICAOR.ex4, A_info.ex4, A_info.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Period1 | 5 | Number of bars in the calculation |
| Period2 | 13 | Number of bars in the calculation |
| Period3 | 34 | Number of bars in the calculation |
| Dev step 1 | 1,3 | Distance between orders |
| Dev step 2 | 8,5 | Distance between orders |
| Dev step 3 | 21,12 | Distance between orders |
| Symbol 1 kod | 140 | |
| Symbol 2 kod | 141 | |
| Symbol 3 kod | 142 | |
| Atr period | 5 | Period or timeframe used by the calculation |
| Comission | 0 | |
| Shift | 10 | Bar shift (0 = current bar) |
| Symbol | true | |
| Frame | true | |
| Alerts on | true | Line added. Default is true. |
| Gmt settings | GMT Settings | |
| Local time zone | 0 | |
| Dest time zone | 0 | |
| Add settings | ADDITIONAL SETTINGS SECTION | |
| Show panel | true | |
| Panel background color | Black | Colour on the chart |
| Show today box color | false | Colour on the chart |
| Today box color | C'28,30,32' | Colour on the chart |
| Show yesterday box color | false | Colour on the chart |
| Yesterday box color | C'30,33,36' | Colour on the chart |
| Show day candle | true | |
| Shift day candle right | 32 | Bar shift (0 = current bar) |
| Main settings | MAIN SETTINGS SECTION | |
| All line placement | 0 - Lines seperately adjustable | |
| All line placement | 1 - All lines next to candle | |
| All line placement | 2 - All lines horizontal | |
| All line placement | 0 | |
| Limit lines to candle | false | |
| All labels in middle | false | |
| Show1 daily2 fibonacci levels | 1 - Daily formula,2 - Fibonacci formula | |
| Show1 daily2 fibonacci levels | 1 | |
| Draw lines until period | M1, M5, M15, M30, H1, H4, D1 | Number of bars in the calculation |
| Draw lines until period | H1 | Period or timeframe used by the calculation |
| Label settings | SETTINGS OF LINE LABELS | |
| Show level prices | 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: Buy/Sell Arrows · Alerts · ATR · MT4 Indicator · MQL4 Source Code