Forex Signal Reversal Line Swing Trading Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Signal Reversal Line Swing Trading Strategy. As the name suggests, the idea behind it is reversals against the current move and buy / sell signals on the chart. In the code it works with MACD, RSI and moving averages. It draws arrows on the chart and can send alerts. It has 38 settings, for example Include High (default true), Include Medium (default true) and Include Low (default false). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 10 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 Signal Reversal Line Swing Trading Strategy
Forex Signal Reversal Line Swing Trading Strategy is an indicator for MetaTrader 4 based on MACD, RSI and Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 38 settings, such as Include high, Include medium and Include low. MQL source code included.
Files in the download: 582# Signal line Forex Reversal System.tpl, FFCal.mq4, GOLD999D1.mq4, installation manual.txt, Pulse_MACD_modify.ex4, Signal line Forex Reversal System.tpl, Signal Line_Alerts.ex4, SOFSignal1.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Include high | true | |
| Include medium | true | |
| Include low | false | |
| Include speaks | true | news items with "Speaks" in them have different characteristics |
| Alert mins before | -1 | Set to -1 for no Alert |
| Alert mins before2 | -1 | Set to -1 for no Alert |
| Txt size | 10 | |
| Txt color news | DeepSkyBlue | Colour on the chart |
| Txt color impact high | Red | Colour on the chart |
| Txt color impact medium | Orange | Colour on the chart |
| Txt color impact low | Yellow | Colour on the chart |
| Fast ema | 13 | |
| Slow ema | 21 | |
| Rsi period | 9 | Period or timeframe used by the calculation |
| Alerts | TRUE | Turn this alert on or off |
| All bars | 0 | |
| Otstup | 30 | |
| Per | 9.0 | |
| Signal gap | 4 | |
| Show bars | 500 | |
| Alert 1 | true | àëåðòû î ñòðåëêå íà ïåðâîì áàðå |
| LB | 3 | |
| Max bars for period | 1000 | Period or timeframe used by the calculation |
| Show m01 | TRUE | |
| Show m05 | TRUE | |
| Show m15 | TRUE | |
| Show m30 | TRUE | |
| Show h01 | TRUE | |
| Show h04 | TRUE | |
| Show d01 | TRUE | |
| Show w01 | TRUE | |
| Show mn1 | TRUE | |
| Num bars | 630 | |
| Alert on | FALSE | Turn this alert on or off |
| Email on | FALSE | Turn this alert on or off |
| Depth | 12 | |
| Deviation | 3 | |
| Backstep | 2 | Distance between orders |
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 · MACD · RSI · Moving Average · MT4 Indicator · MQL4 Source Code