Forex Dynamic Trend Support Resistance Trading Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Dynamic Trend Support Resistance Trading Strategy. Judging by its name, it is built around support / resistance levels and following the trend. In the code it works with the Stochastic oscillator. It draws arrows on the chart and can send alerts. It has 23 settings, for example Min Range (default 80), Look Back (default 500) and Show Range (default 0). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 10 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 Dynamic Trend Support Resistance Trading Strategy
Forex Dynamic Trend Support Resistance Trading Strategy 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 23 settings, such as Min range, Look back and Show range. MQL source code included.
Files in the download: Damiani_volatmeter v3.2.ex4, dynamic channel of support and resistance.tpl, fx_trender.ex4, installation manual.txt, OneSideGaussian.ex4, OneSideGaussian.mq4, SpikeBars_v3.ex4, SpikeBars_v3.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Min range | 80 | |
| Look back | 500 | |
| Show range | 0 | 0=Show Nothing, 1=Show Pips/Range |
| Show opn clo | 1 | 0=Show Nothing, 1=Show Open to close |
| Paint bar width | 3 | How fat paint bar will be ? |
| Popup | 1 | Enable to show Popup Window |
| BULL | Blue | Colour for UP bar |
| BEAR | Red | Colour for DOWN bar |
| Window size | 20 | |
| Sound on | false | Turn this alert on or off |
| Email on | false | Turn this alert on or off |
| K period | 5 | Period or timeframe used by the calculation |
| D period | 3 | Period or timeframe used by the calculation |
| Slowing | 3 | |
| Ma method | 0 | SMA 0, EMA 1, SMMA 2, LWMA 3 |
| Price field | 0 | Low/High 0, Close/Close 1 |
| Over bought level | 80 | |
| Over sold level | 20 | |
| Show kd cross | false | |
| Show k obo scross | true | |
| Show d obo scross | false | |
| Note price | PriceField: Low/High = 0, Close/Close = | |
| Ma method | SMA0 EMA1 SMMA2 LWMA3 |
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 · Trend · Buy/Sell Arrows · Alerts · Stochastic · MT4 Indicator · MQL4 Source Code