Forex NPR Trend Direction Trading Strategy
Forex NPR Trend Direction Trading Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around following the trend. Its source code uses MACD, RSI, the Stochastic oscillator and moving averages. It draws arrows on the chart and can send alerts. It has 40 settings, for example Line 1 bars Color (default Yellow), Line 1 bars Style (default 2) and Line 1 bars Width (default 1). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 25 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 NPR Trend Direction Trading Strategy
Forex NPR Trend Direction Trading Strategy is an indicator for MetaTrader 4 based on MACD, RSI, Stochastic and 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 40 settings, such as Line 1 bars color, Line 1 bars style and Line 1 bars width. MQL source code included.
Files in the download: 1_bars_back.ex4, 1_bars_back.mq4, DashBoard-Anil Panchal.ex4, DashBoard-Anil Panchal.mq4, FDM Buy Sell Pressure.ex4, FDM Buy Sell Pressure.mq4, FR-Trend.ex4, FR-Trend.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Line 1 bars color | Yellow | Colour on the chart |
| Line 1 bars style | 2 | |
| Line 1 bars width | 1 | |
| Draw as background | TRUE | |
| Corner of chart right top | TRUE | |
| Show price | TRUE | |
| Show xtra details | TRUE | |
| Show smaller size | TRUE | |
| A | 8 | |
| SR | 25 | |
| Alert sound on | FALSE | Turn this alert on or off |
| Sound file | alert.wav | Turn this alert on or off |
| T period | 34 | Period or timeframe used by the calculation |
| T type | 3 | |
| T shift | 0 | Bar shift (0 = current bar) |
| Display renko size | true | |
| Display size which corner 0 1 2 3 | 1 | |
| Renko size color | Red | Colour on the chart |
| Renko closing line | true | |
| Long close line color | Aqua | Colour on the chart |
| Long close line style 0 7 | 3 | |
| Long close line width 1 5 | 1 | |
| Short close line color | Red | Colour on the chart |
| Short close line style 0 7 | 3 | |
| Short close line width 1 5 | 1 | |
| Show price on close lines | true | |
| Close line price color | White | Colour on the chart |
| Display counter | false | |
| Counter text color | Aqua | Colour on the chart |
| Display candle lenght by point | true | |
| Long set alert | true | Turn this alert on or off |
| Short set alert | true | Turn this alert on or off |
| Color1 | Red | Shadow of bear candlestick |
| Color2 | White | Shadow of bull candlestick |
| Color3 | Red | Bear candlestick body |
| Color4 | White | Bull candlestick body |
| Contract step | 1000 | Distance between orders |
| Precision | 20 | |
| Shift bars | 1 | Bar shift (0 = current bar) |
| Bars count | 1000 |
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: Trend · Buy/Sell Arrows · Alerts · MACD · RSI · Stochastic · Moving Average · MT4 Indicator · MQL4 Source Code