Forex PSAR 2B Line Indicator 2
From the Old Kings archive: Forex PSAR 2B Line Indicator 2, an indicator for MetaTrader 4. Judging by its name, it is built around Parabolic SAR. In the code it works with Parabolic SAR. It has 3 settings, for example Visual Bars (default 500), Step (default 0.02) and Maximum (default 0.2). 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 PSAR 2B Line Indicator 2
Forex PSAR 2B Line Indicator 2 is an indicator for MetaTrader 4 based on Parabolic SAR. It has 3 settings, such as Visual bars, Step and Maximum. MQL source code included.
Files in the download: installation manual.txt, PSAR_2B_Line.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Visual bars | 500 | |
| 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 · MT4 Indicator · MQL4 Source Code