Impulse Trading
From the Old Kings archive: Impulse Trading, an indicator for MetaTrader 4. In the code it works with ZigZag. It draws arrows on the chart. It has 18 settings, for example Notes (default 15pip RangeBars Basic Se), Zig Zag Depth (default 12) and Retrace Depth Min (default 0.4). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Impulse Trading
Impulse Trading is an indicator for MetaTrader 4 based on ZigZag. It draws buy and sell arrows on the chart. It has 18 settings, such as Notes, Zig zag depth and Retrace depth min. MQL source code included.
Files in the download: FXProSystems - best Trading Systems and Indicators.url, 123PatternsV6.ex4, 123PatternsV6.mq4, aa-indicator.ex4, aa-indicator.mq4, Impulse Trading.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Notes | 15pip RangeBars Basic Setup | |
| Zig zag depth | 12 | |
| Retrace depth min | 0.4 | |
| Retrace depth max | 1.0 | |
| Show all lines | True | |
| Show all breaks | True | |
| Show targets | False | |
| Target1 multiply | 1.5 | How much the lot size grows after a loss |
| Target2 multiply | 3.0 | How much the lot size grows after a loss |
| Hide transitions | True | |
| Jaws period | 13 | Period or timeframe used by the calculation |
| Jaws shift | 8 | Bar shift (0 = current bar) |
| Teeth period | 8 | Period or timeframe used by the calculation |
| Teeth shift | 5 | Bar shift (0 = current bar) |
| Lips period | 5 | Period or timeframe used by the calculation |
| Lips shift | 3 | Bar shift (0 = current bar) |
| Type ma | MODE_SMMA | |
| Type price | PRICE_MEDIAN |
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 · ZigZag · MT4 Indicator · MQL4 Source Code