Forex Wedge Pattern Indicator
Forex Wedge Pattern Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to candlestick patterns. Its source code uses ATR. It can send alerts. It has 10 settings, for example Sig Period (default 14), Fast Period (default 25) and Slow Period (default 50). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 2 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 Wedge Pattern Indicator
Forex Wedge Pattern Indicator is an indicator for MetaTrader 4 based on ATR. It can alert you with a pop-up, sound, email or push message. It has 10 settings, such as Sig period, Fast period and Slow period. MQL source code included.
Files in the download: atr_3lwma.mq4, installation manual.txt, wedges.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Sig period | 14 | Signal Period |
| Fast period | 25 | Fast Period |
| Slow period | 50 | Slow Period |
| Calc period | 100 | Calculation period |
| Max keep period | 60 | Maximum Keep period |
| _ | 1: line only, 2: set buffer ,3:both | |
| Wedge line mode | 3 | WedgeLineMode |
| Deviations | 1.0 | High Low Bands Deviations |
| Line filter | 1.2 | Line Filter Deviations |
| Reversal noise filter | 5 | NoiseFilter (Minimam Reversal Spread) |
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: Alerts · ATR · MT4 Indicator · MQL4 Source Code