Forex Market Statistics Swing Trading Strategy
Forex Market Statistics Swing Trading Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Its source code uses moving averages. It draws arrows on the chart and can send alerts. It has 17 settings, for example Sound ON (default TRUE), Instance On Chart (default 1) and label (default Market_Statistics_1). 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 Market Statistics Swing Trading Strategy
Forex Market Statistics Swing Trading Strategy is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 17 settings, such as Sound on, Instance on chart and Label. MQL source code included.
Files in the download: 4hrTrader.mq4, installation manual.txt, Market_Statistics_v7_0_DragOrConstant.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Sound on | TRUE | Turn this alert on or off |
| Instance on chart | 1 | |
| Label | Market_Statistics_1 | |
| Set at days back | false | |
| Days back | 1 | |
| Use manual drag | false | true |
| Past display clearance bars | 200 | |
| Set at constant bars | true | |
| Constant bars | 240 | |
| Histogram amplitude | 120 | |
| Show sd1 | true | |
| Show sd2 | true | |
| Show sd3 | true | |
| Show histogram | true | false |
| Show pvp | true | |
| Show vwap | true | |
| Histo color | C'49,49,49' | Colour on the chart |
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 · Moving Average · MT4 Indicator · MQL4 Source Code