Forex Watr Trend Trading Indicator
From the Old Kings archive: Forex Watr Trend Trading Indicator, an indicator for MetaTrader 4. Judging by its name, it is built around following the trend. In the code it works with ATR. It has 3 settings, for example WATR K (default 10), WATR M (default 4.0) and ATR (default 21). 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 Watr Trend Trading Indicator
Forex Watr Trend Trading Indicator is an indicator for MetaTrader 4 based on ATR. It has 3 settings, such as Watr k, Watr m and ATR. MQL source code included.
Files in the download: installation manual.txt, WATR.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Watr k | 10 | |
| Watr m | 4.0 | |
| ATR | 21 |
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: Trend · ATR · MT4 Indicator · MQL4 Source Code