Forex Kirshenbaum Bands Sar Stochastic Trading Strategy
From the Old Kings archive: Forex Kirshenbaum Bands Sar Stochastic Trading Strategy, an indicator for MetaTrader 4. Its name points to the Stochastic oscillator and Parabolic SAR. In the code it works with the Stochastic oscillator, moving averages, Parabolic SAR and Momentum. It draws arrows on the chart and can send alerts. It has 13 settings, for example Length (default 21), Mode (default MODE_EMA) and Price (default PRICE_CLOSE). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Kirshenbaum Bands Sar Stochastic Trading Strategy
Forex Kirshenbaum Bands Sar Stochastic Trading Strategy is an indicator for MetaTrader 4 based on Stochastic, Moving Average, Parabolic SAR and Momentum. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 13 settings, such as Length, Mode and Price. MQL source code included.
Files in the download: installation manual.txt, Kirshenbaum bands with Sar Stochastic trading system.tpl, Kirshenbaum bands.mq4, sar_sto_ as_ao_stevejames_alert.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Length | 21 | |
| Mode | MODE_EMA | |
| Price | PRICE_CLOSE | |
| Bands multiplier | 1.0 | How much the lot size grows after a loss |
| Alert on | false | Turn this alert on or off |
| Sig offset | 15 | pips above/below high/low to paint arrows |
| Stoch k | 5 | Stochastic %K |
| Stoch d | 3 | Stochastic %D |
| Stoch slowing | 3 | Stochastic Slowing |
| Stoch method | MODE_SMA | Stochastic Method |
| Stoch price | 0 | Stochastic Price (0=low/high, 1=close/close) |
| Psar step | 0.03 | Parabolic SAR Step |
| Psar max | 0.2 | Parabolic SAR Maximum |
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: Stochastic · Buy/Sell Arrows · Alerts · Moving Average · Parabolic SAR · Momentum · MT4 Indicator · MQL4 Source Code