Forex Parabolic Trend Swing Trading Strategy
From the Old Kings archive: Forex Parabolic Trend Swing Trading Strategy, an indicator for MetaTrader 4. Its name points to Parabolic SAR and following the trend. In the code it works with moving averages. It draws arrows on the chart, can send alerts and can read another timeframe. It has 21 settings, for example Time Frame1 (default Current time frame), Time Frame2 (default next1) and Time Frame3 (default next2). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 4 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 Parabolic Trend Swing Trading Strategy
Forex Parabolic Trend Swing Trading Strategy is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 21 settings, such as Time frame1, Time frame2 and Time frame3. MQL source code included.
Files in the download: 4 time frame parabolic SAR.mq4, gann for ps.ex4, Ma_Parabolic_st2.2-1.ex4, Parabolic SAR 2.01 mtf.mq4, parabolic sar indicator trading system.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame1 | Current time frame | Period or timeframe used by the calculation |
| Time frame2 | next1 | Period or timeframe used by the calculation |
| Time frame3 | next2 | Period or timeframe used by the calculation |
| Time frame4 | next3 | Period or timeframe used by the calculation |
| Acc step | 0.5 | Distance between orders |
| Acc limit | 0.5 | |
| Unique id | 4 Time frames SAR 1 | |
| Lines width | 0 | |
| Labels color | DarkGray | Colour on the chart |
| Labels horizontal shift | 5 | Bar shift (0 = current bar) |
| Labels vertical shift | 1.5 | Bar shift (0 = current bar) |
| Alerts on | false | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Time frame | Current time frame | Period or timeframe used by the calculation |
| Price high | PRICE_CLOSE | |
| Price low | PRICE_CLOSE | |
| Alerts on current | true | Turn this alert on or off |
| Draw as dots | true | |
| Shift | 0 | Bar shift (0 = current bar) |
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 · Trend · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · Moving Average · MT4 Indicator · MQL4 Source Code