FX Sniper's Chandelier 2
FX Sniper's Chandelier 2 — a MetaTrader 4 indicator kept in the Old Kings collection. Its source code uses ATR. It draws arrows on the chart. It has 5 settings, for example ATR Period (default 10), Chandelier Factor (default 1.25) and Entry Bar (default 1). 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 FX Sniper's Chandelier 2
FX Sniper's Chandelier 2 is an indicator for MetaTrader 4 based on ATR. It draws buy and sell arrows on the chart. It has 5 settings, such as Atr period, Chandelier factor and Entry bar. MQL source code included.
Files in the download: FX Sniper's Chandelier.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Atr period | 10 | Period or timeframe used by the calculation |
| Chandelier factor | 1.25 | |
| Entry bar | 1 | |
| LONG | true | |
| Initial sl factor | 0.75 |
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: Buy/Sell Arrows · ATR · MT4 Indicator · MQL4 Source Code