Price Action PPR
From the Old Kings archive: Price Action PPR, an indicator for MetaTrader 4. Its name points to price action (reading the candles themselves). In the code it works with ATR. It draws arrows on the chart. It has 5 settings, for example show pattern (default true), Size (default 1) and multiplier (default 1). 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 Price Action PPR
Price Action PPR is an indicator for MetaTrader 4 based on ATR. It draws buy and sell arrows on the chart. It has 5 settings, such as Show pattern, Size and Multiplier. MQL source code included.
Files in the download: Price Action_PPR.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Show pattern | true | |
| Size | 1 | . |
| Multiplier | 1 | How much the lot size grows after a loss |
| Bars atr | 233 | ATR |
| Code arrow | 159 |
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: Price Action · Buy/Sell Arrows · ATR · MT4 Indicator · MQL4 Source Code