Inverse Reaction Indicator For MetaTrader 5
Inverse Reaction Indicator For MetaTrader 5 — a MetaTrader 5 indicator kept in the Old Kings collection. It draws arrows on the chart. It has 3 settings, for example Ma Period (default 3), Coefficient (default 1.618) and Coef (default 1.618). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 2 indicator files with source code (.mq5) you can open and edit in MetaEditor and a PDF guide. 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 · MT5 · v1.0 · Free
About Inverse Reaction Indicator For MetaTrader 5
Inverse Reaction Indicator For MetaTrader 5 is an indicator for MetaTrader 5. It draws buy and sell arrows on the chart. It has 3 settings, such as Ma period, Coefficient and Coef. MQL source code included.
Files in the download: inversereaction.mq5, inversereaction_new.mq5, old_look.png, Rules read this.pdf.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma period | 3 | Moving average period |
| Coefficient | 1.618 | Confidence coefficient |
| Coef | 1.618 | DCL Coefficient |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 5 open File → Open Data Folder, then go to MQL5 → Indicators.
- Copy the .mq5 file(s) there. Put any .mqh files in MQL5 → Include.
- Open the .mq5 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 · MT5 Indicator · MQL5 Source Code