Forex Support Resistance Bounce Binary Options Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Support Resistance Bounce Binary Options Strategy. Its name points to support / resistance levels. In the code it works with moving averages and ADX. It draws arrows on the chart. It has 3 settings, for example ADXcrosses Period (default 14), Faster EMA (default 5) and Slower EMA (default 6). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 4 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 Support Resistance Bounce Binary Options Strategy
Forex Support Resistance Bounce Binary Options Strategy is an indicator for MetaTrader 4 based on Moving Average and ADX. It draws buy and sell arrows on the chart. It has 3 settings, such as Ad xcrosses period, Faster ema and Slower ema. MQL source code included.
Files in the download: ADXcrossesNon-repainting.mq4, installation manual.txt, boSugarman Signals_v3.ex4, EMA-Crossover_Signal.mq4, FIB - SRT.ex4, Support and Resistance bounce.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ad xcrosses period | 14 | Period or timeframe used by the calculation |
| Faster ema | 5 | |
| Slower ema | 6 |
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: Support & Resistance · Binary Options · Buy/Sell Arrows · Moving Average · ADX · MT4 Indicator · MQL4 Source Code