Forex Icwr Chart Swings Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Icwr Chart Swings Indicator. In the code it works with RSI. It has 7 settings, for example Parameters 1 (default ZigZag), Depth (default 10) and Deviation (default 5). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Icwr Chart Swings Indicator
Forex Icwr Chart Swings Indicator is an indicator for MetaTrader 4 based on RSI. It has 7 settings, such as Parameters 1, Depth and Deviation. MQL source code included.
Files in the download: ICWR_v0.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Parameters 1 | ZigZag | |
| Depth | 10 | |
| Deviation | 5 | |
| Backstep | 3 | Distance between orders |
| Parameters 2 | ActiveWave | |
| Calc num bars | 50 | |
| Required wave height | 40 |
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 · MT4 Indicator · MQL4 Source Code