Forex Elder Buy Sell Binary Options Strategy
From the Old Kings archive: Forex Elder Buy Sell Binary Options Strategy, an indicator for MetaTrader 4. In the code it works with moving averages and ATR. It draws arrows on the chart and can send alerts. It has 40 settings, for example nobs (default 1000), lambda (default 1600) and Alert On (default true). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 12 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 Elder Buy Sell Binary Options Strategy
Forex Elder Buy Sell Binary Options Strategy is an indicator for MetaTrader 4 based on Moving Average and 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 Nobs, Lambda and Alert on. MQL source code included.
Files in the download: Elder Binary System.tpl, ELR_Color.ex4, HP.mq4, new_ DSS Bressert_ alert.ex4, new_ DSS Bressert_ alert.mq4, NEW_DAY_Elder.ex4, NEW_DAY_Elder.mq4, new_Elder.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Nobs | 1000 | Number of bars to smooth |
| Lambda | 1600 | Higher lambda leads to the smoother data |
| Alert on | true | Turn this alert on or off |
| Ema period | 6 | Period or timeframe used by the calculation |
| Stochastic period | 13 | Period or timeframe used by the calculation |
| Show bars | 5000 | |
| Vi length | 28 | |
| 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 | |
| Labels in front | false | |
| Labels position | 0 - today,1 - right | |
| Main labels position | 1 | |
| Open labels position | 0 | |
| Hl labels position | 0 - yesterday,1 - today,2 - right | |
| Hl labels position | 0 | |
| Labels fonts bold | false | |
| Labels font size | 8 |
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 · Alerts · Moving Average · ATR · MT4 Indicator · MQL4 Source Code