Forex LMT Formula Swing Trading Strategy
This Old Kings indicator for MetaTrader 4 is called Forex LMT Formula Swing Trading Strategy. It draws arrows on the chart, can send alerts and marks candlestick patterns. It has 23 settings, for example An Alert (default true), Show Candle Box (default true) and Box Color (default SkyBlue). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 6 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 LMT Formula Swing Trading Strategy
Forex LMT Formula Swing Trading Strategy is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and marks candlestick patterns. It has 23 settings, such as An alert, Show candle box and Box color. MQL source code included.
It also shows several symbols in one panel.
Files in the download: Doji_Reader_2.mq4, Engulfing Bar Alert.mq4, installation manual.txt, LMT 1.5.ex4, lmt template.tpl, trend.ex4, trigger.ex4, LMT Formula Forex formula advanced template.tpl ….
Settings
| Setting | Default | What it does |
|---|---|---|
| An alert | true | false to disable alert |
| Show candle box | true | false to hide the candle box |
| Box color | SkyBlue | add your fav color |
| Show star | true | false to hide star |
| Star color | NavajoWhite | add your fav color |
| Star width | 2 | add width size of star |
| Show text | true | false to hide text |
| Font color | White | add your fav color |
| Font size | 8 | add font size |
| Vertical text | false | add true to verticalize text |
| My broker has5 digits | false | add true if use 5 decimals |
| Find regular doji | true | false to disable |
| Min length of up tail | 3 | candle with upper tail equal or more than this will show up |
| Min length of lo tail | 3 | candle with lower tail equal or more than this will show up |
| Max length of body | 1 | candle with body less or equal with this will show up |
| Find dragonfly doji | true | false to disable |
| Max length of up tail1 | 0 | candle with upper tail equal or more than this will show up |
| Min length of lo tail1 | 3 | candle with lower tail equal or more than this will show up |
| Max length of body1 | 1 | candle with body less or equal with this will show up |
| Find gravestone doji | true | false to disable |
| Min length of up tail2 | 3 | candle with upper tail equal or more than this will show up |
| Max length of lo tail2 | 0 | candle with lower tail equal or more than this will show up |
| Max length of body2 | 1 | candle with body less or equal with this will show up |
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 · Alerts · Candlestick Patterns · Dashboards & Scanners · MT4 Indicator · MQL4 Source Code