Forex SAR Color Indicator
From the Old Kings archive: Forex SAR Color Indicator, an indicator for MetaTrader 4. As the name suggests, the idea behind it is Parabolic SAR. In the code it works with Parabolic SAR. It draws arrows on the chart and can send alerts. It has 4 settings, for example Step (default 0.05), Maximum (default 0.2) and Precision (default 4). 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 SAR Color Indicator
Forex SAR Color Indicator is an indicator for MetaTrader 4 based on Parabolic SAR. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 4 settings, such as Step, Maximum and Precision. MQL source code included.
Files in the download: installation manual.txt, sar_color.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Step | 0.05 | was .01 |
| Maximum | 0.2 | |
| Precision | 4 | |
| Sound on | true | Turn this alert on or off |
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 · Parabolic SAR · MT4 Indicator · MQL4 Source Code