Forex Nik PSAR 2B Aleks Indicator
Forex Nik PSAR 2B Aleks Indicator is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is Parabolic SAR. Its source code uses Parabolic SAR. It draws arrows on the chart and can send alerts. It has 7 settings, for example Aleks Bars (default 30), Alerts Enabled (default true) and TF4 (default true). 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 Nik PSAR 2B Aleks Indicator
Forex Nik PSAR 2B Aleks Indicator is an indicator for MetaTrader 4 based on Parabolic SAR. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 7 settings, such as Aleks bars, Alerts enabled and TF4. MQL source code included.
Files in the download: installation manual.txt, Nik_PSAR_2B_Aleks.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Aleks bars | 30 | |
| Alerts enabled | true | Turn this alert on or off |
| TF4 | true | |
| TF3 | true | |
| TF2 | true | |
| 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 · Buy/Sell Arrows · Alerts · MT4 Indicator · MQL4 Source Code