Forex Bull Bear Dots Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Bull Bear Dots Indicator. In the code it works with moving averages and ATR. It draws arrows on the chart. It has 4 settings, for example Bull Bear Period (default 13), Bull Bear Price (default 0) and uptrade Lvl (default 0.0025). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Bull Bear Dots Indicator
Forex Bull Bear Dots Indicator is an indicator for MetaTrader 4 based on Moving Average and ATR. It draws buy and sell arrows on the chart. It has 4 settings, such as Bull bear period, Bull bear price and Uptrade lvl. MQL source code included.
Files in the download: bullbear_dots.ex4, bullbear_dots.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Bull bear period | 13 | Period or timeframe used by the calculation |
| Bull bear price | 0 | |
| Uptrade lvl | 0.0025 | |
| Dntrade lvl | -0.0025 |
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 · Moving Average · ATR · MT4 Indicator · MQL4 Source Code