Forex IBS Reversal Trading Strategy
From the Old Kings archive: Forex IBS Reversal Trading Strategy, an indicator for MetaTrader 4. As the name suggests, the idea behind it is reversals against the current move. In the code it works with RSI, CCI and ATR. It has 21 settings, for example short atr (default 7), long atr (default 49) and triglevel (default 1.00). 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 IBS Reversal Trading Strategy
Forex IBS Reversal Trading Strategy is an indicator for MetaTrader 4 based on RSI, CCI and ATR. It has 21 settings, such as Short atr, Long atr and Triglevel. MQL source code included.
Files in the download: ATR ratio.mq4, IBS reversal.tpl, ibs_rsi_cci_v3.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Short atr | 7 | |
| Long atr | 49 | |
| Triglevel | 1.00 | |
| Per ibs | 5 | |
| Koef ibs | 7.0 | |
| Ibs | true | |
| Per rsi | 14 | |
| App price rsi | 0 | app_price |
| Koef rsi | 9.0 | |
| Rsi | true | |
| Per cci | 14 | |
| App price cci | 0 | app_price |
| Koef cci | 1.0 | |
| Cci | true | |
| Shift | 0 | Bar shift (0 = current bar) |
| Porog | 50 | |
| 1 | false | |
| Positive | true | |
| Range period vkwb | 25 | Number of bars in the calculation |
| Smooth period vkwb | 3 | Number of bars in the calculation |
| Smooth mode vkwb | 0 |
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: RSI · CCI · ATR · MT4 Indicator · MQL4 Source Code