Forex Extended Regression Stop Reverse Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Extended Regression Stop Reverse Indicator. It draws arrows on the chart. It has 9 settings, for example Regression Degree (default 2), K Deviation Channel (default 2) and Trend Line Color (default Gold). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Extended Regression Stop Reverse Indicator
Forex Extended Regression Stop Reverse Indicator is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 9 settings, such as Regression degree, K deviation channel and Trend line color. MQL source code included.
Files in the download: installation manual.txt, jX_ParabolicRegression_StopAndReverse.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Regression degree | 2 | |
| K deviation channel | 2 | |
| Trend line color | Gold | Colour on the chart |
| Res line color | OrangeRed | Colour on the chart |
| Sup line color | DeepSkyBlue | Colour on the chart |
| Regression color1 | Yellow | Colour on the chart |
| Regression color2 | Lime | Colour on the chart |
| Regression color3 | Red | Colour on the chart |
| Regression color4 | RoyalBlue | 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: Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code