Kwan NRP 2
From the Old Kings archive: Kwan NRP 2, an indicator for MetaTrader 4. In the code it works with RSI, the Stochastic oscillator and Momentum. It draws arrows on the chart. It has 12 settings, for example Count Bars (default 1000), stoch (default Stochastic) and Kperiod (default 9). 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 Kwan NRP 2
Kwan NRP 2 is an indicator for MetaTrader 4 based on RSI, Stochastic and Momentum. It draws buy and sell arrows on the chart. It has 12 settings, such as Count bars, Stoch and Kperiod. MQL source code included.
Files in the download: kwan_NRP.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Count bars | 1000 | |
| Stoch | Stochastic | |
| Kperiod | 9 | Period or timeframe used by the calculation |
| Dperiod | 6 | Period or timeframe used by the calculation |
| Slowing | 2 | |
| Method stoch | MODE_SMA | |
| Price field | 1 | |
| Mode | 0 | |
| Rsi | RSI | |
| Period rsi | 9 | Number of bars in the calculation |
| Mom | Momentum | |
| Period momentum | 9 | Number of bars in the calculation |
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 · RSI · Stochastic · Momentum · MT4 Indicator · MQL4 Source Code