Forex Rose Pips Indicator
From the Old Kings archive: Forex Rose Pips Indicator, an indicator for MetaTrader 4. In the code it works with the Stochastic oscillator and Parabolic SAR. It draws arrows on the chart. It has 9 settings, for example sar1 (default 0.002), sar2 (default 0.2) and profit (default 30). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Rose Pips Indicator
Forex Rose Pips Indicator is an indicator for MetaTrader 4 based on Stochastic and Parabolic SAR. It draws buy and sell arrows on the chart. It has 9 settings, such as Sar1, Sar2 and Profit. MQL source code included.
Files in the download: installation manual.txt, RosyPipsIndicator.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Sar1 | 0.002 | |
| Sar2 | 0.2 | |
| Profit | 30 | In Pips |
| Loss | 100 | In Pips |
| Spread | 5 | In Pips |
| Star body length | 15 | |
| Year | 2014 | |
| Month | 01 | |
| Day | 01 |
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 · Stochastic · Parabolic SAR · MT4 Indicator · MQL4 Source Code