Forex MTF PSAR Indicator
This Old Kings indicator for MetaTrader 4 is called Forex MTF PSAR Indicator. Its name points to Parabolic SAR and several timeframes at once. In the code it works with Parabolic SAR. It draws arrows on the chart and can read another timeframe. It has 3 settings, for example Time Frame (default 0), Step (default 0.02) and Maximum (default 0.2). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 MTF PSAR Indicator
Forex MTF PSAR Indicator is an indicator for MetaTrader 4 based on Parabolic SAR. It draws buy and sell arrows on the chart and can show data from another timeframe (MTF). It has 3 settings, such as Time frame, Step and Maximum. MQL source code included.
Files in the download: installation manual.txt, mMTF_PSar.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | 0 | Period or timeframe used by the calculation |
| Step | 0.02 | Distance between orders |
| Maximum | 0.2 |
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: Parabolic SAR · Multi-Timeframe (MTF) · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code