Forex Fractal Price Action PPR Indicator
Forex Fractal Price Action PPR Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is price action (reading the candles themselves) and Bill Williams fractals (swing highs / lows). Its source code uses ATR. It draws arrows on the chart. It has 5 settings, for example show pattern (default true), Size (default 1) and multiplier (default 1). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 2 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 Fractal Price Action PPR Indicator
Forex Fractal Price Action PPR Indicator is an indicator for MetaTrader 4 based on ATR. It draws buy and sell arrows on the chart. It has 5 settings, such as Show pattern, Size and Multiplier. MQL source code included.
Files in the download: installation manual.txt, price_action_ppr.ex4, price_action_ppr.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Show pattern | true | |
| Size | 1 | . |
| Multiplier | 1 | How much the lot size grows after a loss |
| Bars atr | 233 | ATR |
| Code arrow | 159 |
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: Price Action · Fractals · Buy/Sell Arrows · ATR · MT4 Indicator · MQL4 Source Code