Forex Buy Sell Spot Arrows Binary Options Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Buy Sell Spot Arrows Binary Options Strategy. As the name suggests, the idea behind it is buy / sell signals on the chart. In the code it works with RSI and moving averages. It draws arrows on the chart. It has 20 settings, for example Bars To Count (default 20), Use Hull (default false) and s1 (default ---------------). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 4 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 Buy Sell Spot Arrows Binary Options Strategy
Forex Buy Sell Spot Arrows Binary Options Strategy is an indicator for MetaTrader 4 based on RSI and Moving Average. It draws buy and sell arrows on the chart. It has 20 settings, such as Bars to count, Use hull and S1. MQL source code included.
Files in the download: DonchainChannels.ex4, DonchainChannels.mq4, installation manual.txt, r2 binary system.tpl, R2_Arrows_v4a2.ex4, R2_Arrows_v4a2.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Bars to count | 20 | |
| Use hull | false | |
| S1 | --------------- | |
| Ma periods | 200 | Number of bars in the calculation |
| Ma type if not hull | 0 | only if Use_Hull = false |
| Ma applied price | 0 | |
| S2 | --------------- | |
| Rsi periods | 2 | Number of bars in the calculation |
| Rsi applied price | 0 | |
| S3 | --------------- | |
| Buy if day1 rsi below | 65 | 1st day of tracking must be < this setting |
| Buy if day3 rsi below | 65 | 3rd day must be < this setting |
| S4 | --------------- | |
| Sell if day1 rsi above | 35 | 1st day of tracking must be > this setting |
| Sell if day3 rsi above | 35 | 3rd day must be > this setting |
| S5 | --------------- | |
| Close buy if rsi above | 75 | |
| Close sell if rsi below | 25 | |
| S6 | --------------- | |
| Show bars | 10000 |
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 · Binary Options · RSI · Moving Average · MT4 Indicator · MQL4 Source Code