Forex Consecutive Candles Stochastic Filter Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Consecutive Candles Stochastic Filter Indicator. Its name points to the Stochastic oscillator. In the code it works with the Stochastic oscillator. It draws arrows on the chart and can send alerts. It has 24 settings, for example arrow (default Trend_Trading), Consecutive Candles Settings (default ========================) and minimum Pip Size Candle1 (default 30). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Consecutive Candles Stochastic Filter Indicator
Forex Consecutive Candles Stochastic Filter Indicator is an indicator for MetaTrader 4 based on Stochastic. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 24 settings, such as Arrow, Consecutive candles settings and Minimum pip size candle1. MQL source code included.
Files in the download: CCwSF.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Arrow | Trend_Trading | What type of trade arrows? |
| Consecutive candles settings | ======================================== | Settings for Consecutive Candles Indicator |
| Minimum pip size candle1 | 30 | Minimum pip size for candle one in points. |
| Minimum pip size candle2 | 30 | Minimum pip size for second candle in points. |
| Minimum pip size candle3 | 30 | Minimum pip size for third candle in points. |
| Push notifications | false | Turn on push notifications? |
| On screen notifications | true | Turn on popup notifications? |
| Email notifications | false | Turn on email notifications? |
| Candles before alert | three | Candles before alert. |
| Verbose | true | Turn details on or off in Expert Tab |
| Stochastic settings | ===================================== | |
| K period | 5 | Period or timeframe used by the calculation |
| Slowing | 3 | |
| D period | 3 | Period or timeframe used by the calculation |
| Note4 | 0=sma, 1=ema, 2=smma, 3=lwma | |
| Ma method | 0 | |
| Note5 | 0=high/low, 1=close/close | |
| Price field | 1 | |
| Note6 | overbought level | |
| Over bought | 80 | |
| Note7 | oversold level | |
| Over sold | 20 | |
| Buy color | clrGreen | Colour on the chart |
| Sell color | clrRed | Colour on the chart |
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: Stochastic · Buy/Sell Arrows · Alerts · MT4 Indicator · MQL4 Source Code