Level Trading
Level Trading — a MetaTrader 4 indicator kept in the Old Kings collection. It draws arrows on the chart. It has 9 settings, for example Trend Up Color (default Blue), Trend Down Color (default Red) and Snap Extremums To Level On Char (default True). 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 Level Trading
Level Trading is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 9 settings, such as Trend up color, Trend down color and Snap extremums to level on char. MQL source code included.
Files in the download: Level Trading.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Trend up color | Blue | Colour on the chart |
| Trend down color | Red | Colour on the chart |
| Snap extremums to level on char | True | |
| Fractal bars on each side | 5 | |
| Proceed max history bars | 1000 | |
| Level actuality | 160 | |
| Rest default timeframe values | 1 | Period or timeframe used by the calculation |
| Extremum to level max gap | 100 | |
| Price delta for1 bar | 20 |
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 · MT4 Indicator · MQL4 Source Code