Forex Impulse Cycle Bars Binary Options Strategy
Forex Impulse Cycle Bars Binary Options Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Its source code uses RSI, moving averages and ZigZag. It draws arrows on the chart and can send alerts. It has 26 settings, for example Price Action Filter (default 100), Length (default 2) and Cycle Strength (default 0). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 3 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 Impulse Cycle Bars Binary Options Strategy
Forex Impulse Cycle Bars Binary Options Strategy is an indicator for MetaTrader 4 based on RSI, Moving Average and ZigZag. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 26 settings, such as Price action filter, Length and Cycle strength. MQL source code included.
Files in the download: CycleBar_mod_Alert.mq4, 123PatternsV6.mq4, aa-indicator.mq4, Impulse Trading.tpl, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Price action filter | 100 | |
| Length | 2 | Percent change in CyclePrice to set up a new swing high/low |
| Cycle strength | 0 | Change (number of ticks) required to set up a new swing high/low. |
| Use cycle filter | False | |
| Use filter sm aor rsi | 1 | |
| Filter strength sma | 12 | |
| Filter strength rsi | 21 | |
| Show alert | True | Turn this alert on or off |
| Notes | 15pip RangeBars Basic Setup | |
| Zig zag depth | 12 | |
| Retrace depth min | 0.4 | |
| Retrace depth max | 1.0 | |
| Show all lines | True | |
| Show all breaks | True | |
| Show targets | False | |
| Target1 multiply | 1.5 | How much the lot size grows after a loss |
| Target2 multiply | 3.0 | How much the lot size grows after a loss |
| Hide transitions | True | |
| Jaws period | 13 | Period or timeframe used by the calculation |
| Jaws shift | 8 | Bar shift (0 = current bar) |
| Teeth period | 8 | Period or timeframe used by the calculation |
| Teeth shift | 5 | Bar shift (0 = current bar) |
| Lips period | 5 | Period or timeframe used by the calculation |
| Lips shift | 3 | Bar shift (0 = current bar) |
| Type ma | MODE_SMMA | |
| Type price | PRICE_MEDIAN |
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: Binary Options · Buy/Sell Arrows · Alerts · RSI · Moving Average · ZigZag · MT4 Indicator · MQL4 Source Code