Forex Power Support Resistance Trading System
Forex Power Support Resistance Trading System — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around support / resistance levels. Its source code uses fractals and an oscillator. It draws arrows on the chart and can read another timeframe. It has 8 settings, for example Time Frame (default 60), Nmbr Bars (default 85) and Order (default 0). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 6 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 Power Support Resistance Trading System
Forex Power Support Resistance Trading System is an indicator for MetaTrader 4 based on Fractals and Oscillator. It draws buy and sell arrows on the chart and can show data from another timeframe (MTF). It has 8 settings, such as Time frame, Nmbr bars and Order. MQL source code included.
Files in the download: !_MTF_Fractal.ex4, !_MTF_Fractal.mq4, #i-Targets.ex4, #i-Targets.mq4, WPRslow.ex4, WPRslow.mq4, installation manual.txt, Support and resistance System.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | 60 | Period or timeframe used by the calculation |
| Nmbr bars | 85 | |
| Order | 0 | |
| Ecart | 2.2 | |
| P | 54 | |
| N1 | 9 | |
| N2 | 49 | |
| Count bars | 300 |
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: Support & Resistance · Buy/Sell Arrows · Multi-Timeframe (MTF) · Fractals · Oscillator · MT4 Indicator · MQL4 Source Code