Forex Point And Figure
From the Old Kings archive: Forex Point And Figure, an indicator for MetaTrader 4. It draws arrows on the chart and can send alerts. It has 9 settings, for example optns (default -- Options --), box Value (default 5) and Multiply (default 3). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor and a PDF guide. 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 Point And Figure
Forex Point And Figure is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 9 settings, such as Optns, Box value and Multiply. MQL source code included.
Files in the download: FXI_Point&Figure-Adv.mq4, P & F.pdf, P&F.mht.
Settings
| Setting | Default | What it does |
|---|---|---|
| Optns | -- Options -- | |
| Box value | 5 | |
| Multiply | 3 | How much the lot size grows after a loss |
| Show grid | true | |
| Clrs | -- Color Options -- | |
| Color up | Green | Colour on the chart |
| Color down | Red | Colour on the chart |
| Price level | Red | |
| Grid color | Gray | 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 · MT4 Indicator · MQL4 Source Code