Forex Spike Bar Price Action Binary Options Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Spike Bar Price Action Binary Options Strategy. Judging by its name, it is built around price action (reading the candles themselves). It draws arrows on the chart, can send alerts and marks candlestick patterns. It has 15 settings, for example Alerts (default true), History (default true) and Check Pin Bars (default true). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Spike Bar Price Action Binary Options Strategy
Forex Spike Bar Price Action Binary Options Strategy is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and marks candlestick patterns. It has 15 settings, such as Alerts, History and Check pin bars. MQL source code included.
Files in the download: binary options strategy spike bar.tpl, PriceAction AHA 0_2v2.ex4, PriceAction AHA 0_2v2.mq4, installation manual.txt, PinbarDetector.ex4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Alerts | true | Turn this alert on or off |
| History | true | |
| Check pin bars | true | |
| Min nose ratio | 60 | |
| Max body ratio | 40 | |
| Check double bar high lows | true | |
| Check outside bars | true | |
| Check i4 bars | true | |
| Search m15 | false | |
| Search m30 | false | |
| Search h1 | true | |
| Search h4 | true | |
| Search d1 | true | |
| Search w1 | true | |
| Search mn1 | true |
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: Price Action · Binary Options · Buy/Sell Arrows · Alerts · Candlestick Patterns · MT4 Indicator · MQL4 Source Code