Lucky Reversal Indicator 4
From the Old Kings archive: Lucky Reversal Indicator 4, an indicator for MetaTrader 4. Its name points to reversals against the current move. In the code it works with moving averages. It draws arrows on the chart. It has 1 setting, for example SRZZ (default 60). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Lucky Reversal Indicator 4
Lucky Reversal Indicator 4 is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart. It has 1 setting, such as SRZZ. MQL source code included.
Files in the download: lucky-reversal-indicator.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| SRZZ | 60 | 60;//36;//24;//13; // =4..12..20..12 |
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 · Moving Average · MT4 Indicator · MQL4 Source Code