Forex Trend Pivot Lines Trading Strategy
Forex Trend Pivot Lines Trading Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around pivot points (daily or weekly support / resistance levels) and following the trend. Its source code uses MACD, RSI, the Stochastic oscillator and moving averages. It draws arrows on the chart and can send alerts. It has 40 settings, for example Local Time Zone (default 0), Dest Time Zone (default 0) and Show Pivots (default true). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Trend Pivot Lines Trading Strategy
Forex Trend Pivot Lines Trading Strategy is an indicator for MetaTrader 4 based on MACD, RSI, Stochastic 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 40 settings, such as Local time zone, Dest time zone and Show pivots. MQL source code included.
Files in the download: FTLM-STLM.mq4, installation manual.txt, RD-PivotLines.mq4, SATL.mq4, SDLnew.mq4, Signal_Bars_v3_Daily.mq4, StRSIFilter.ex4, StRSIFilter.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Local time zone | 0 | |
| Dest time zone | 0 | |
| Show pivots | true | |
| Show fibos | false | |
| Show yesterday high low | false | |
| Show mid pitvot | false | |
| Show camarilla | false | |
| Bar for labels | 10 | number of bars from right, where lines labels will be shown |
| Debug logger | false | |
| Show bars | 200 | if showBars= 0 so the indicator will be shown for all the chart |
| Lev dp | 2 | Demar Pint Levels; 2 = central bar will be higher (lower) then 2 bars on the left side and 2 bars on |
| Q steps | 1 | number of steps/ no more than 3 |
| Back step | 0 | number of staps back |
| Start bar | 0 | ifstartBar=0 so we have recommendation for the current bar, if 1 - for possible next bar |
| Trend line | true | false = no trend lines |
| Horizont line | false | true = break levels |
| Channel line | false | true = channels which is parallel with trend lines |
| Take lines | true | true = take profit lines |
| Comments | true | true = comments |
| Trend | 0 | 1 = for UpTrendLines only, -1 = for DownTrendLines only, 0 = for all TrendLines |
| Corner of chart right top | true | |
| Show price | true | |
| Show xtra details | true | |
| Show smaller size | false | |
| Shift up dn | 0 | Bar shift (0 = current bar) |
| Adjust side to side | 20 | |
| Bar label color | LightSteelBlue | Colour on the chart |
| Comment label color | LightSteelBlue | Colour on the chart |
| Macd fast | 8 | |
| Macd slow | 17 | |
| Macd signal | 9 | |
| Macd price type | 0 | |
| Rsi period | 9 | Period or timeframe used by the calculation |
| Rsi price type | 0 | |
| Cci period | 13 | Period or timeframe used by the calculation |
| Cci price type | 0 | |
| Stoch k period | 5 | Period or timeframe used by the calculation |
| Stoch d period | 3 | Period or timeframe used by the calculation |
| Stoch slowing | 3 | |
| Stoch ma mode | 1 |
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: Pivot Points · Trend · Buy/Sell Arrows · Alerts · MACD · RSI · Stochastic · Moving Average · MT4 Indicator · MQL4 Source Code