Forex Level Trading Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Level Trading Indicator. It draws arrows on the chart. It has 15 settings, for example Indicator Number (default 1), Trend Up Color (default Blue) and Trend Down Color (default Red). 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 Level Trading Indicator
Forex Level Trading Indicator is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 15 settings, such as Indicator number, Trend up color and Trend down color. MQL source code included.
Files in the download: installation manual.txt, level_trading_123.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Indicator number | 1 | |
| Trend up color | Blue | Colour on the chart |
| Trend down color | Red | Colour on the chart |
| Level color | DarkGray | Colour on the chart |
| Width2 level confirmation | 3 | |
| Width3 level confirmation | 5 | |
| Width4 level confirmation | 7 | |
| Width5 level confirmation | 10 | |
| Snap extremums to level on char | True | |
| Fractal bars on each side | 7 | |
| Proceed max history bars | 2000 | |
| Level actuality | 200 | |
| Rest default timeframe values | True | Period or timeframe used by the calculation |
| Extremum to level max gap | 15 | |
| Price delta for1 bar | 0.4 |
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: Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code