Forex Reversal Super Bands Trading Strategy
Forex Reversal Super Bands Trading Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around reversals against the current move. Its source code uses moving averages, ADX and MACD. It can send alerts. It has 8 settings, for example White Bar Trigger (default 35), Red Bar Trigger (default 10) and Wave Period (default 10). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 3 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 Reversal Super Bands Trading Strategy
Forex Reversal Super Bands Trading Strategy is an indicator for MetaTrader 4 based on Moving Average, ADX and MACD. It can alert you with a pop-up, sound, email or push message. It has 8 settings, such as White bar trigger, Red bar trigger and Wave period. MQL source code included.
Files in the download: !MoneyLine2.mq4, !SuperADX.mq4, !SupportingADX.mq4, installation manual.txt, Super Reversal trading system.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| White bar trigger | 35 | |
| Red bar trigger | 10 | |
| Wave period | 10 | Period or timeframe used by the calculation |
| Avg period | 21 | Period or timeframe used by the calculation |
| Sound alert | FALSE | Turn this alert on or off |
| Email alert | FALSE | Turn this alert on or off |
| Number of bars to use | 500 | |
| N | 14.0 |
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: Alerts · Moving Average · ADX · MACD · MT4 Indicator · MQL4 Source Code