Pullback Factor Indicator
Pullback Factor Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. Its source code uses RSI, moving averages and ATR. It draws arrows on the chart and can send alerts. It has 31 settings, for example Price Action Filter (default 1), Length (default 3) and Major Cycle Strength (default 4). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 4 indicator files 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 Pullback Factor Indicator
Pullback Factor Indicator is an indicator for MetaTrader 4 based on RSI, Moving Average and ATR. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 31 settings, such as Price action filter, Length and Major cycle strength. MQL source code included.
Files in the download: $_CC_Cloud_2.ex4, ForexMT4Systems_Cycle.ex4, ForexMT4Systems_Cycle.mq4, Pullback-Factor.ex4, PullBack1.tpl, Pullbackfactor2.tpl, PullBack.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Price action filter | 1 | |
| Length | 3 | |
| Major cycle strength | 4 | |
| Use cycle filter | false | |
| Use filter sm aor rsi | 1 | |
| Filter strength sma | 12 | |
| Filter strength rsi | 21 | |
| Alerts on | true | Turn this alert on or off |
| Alerts on major cycle | true | Turn this alert on or off |
| Alerts on minor cycle | false | Turn this alert on or off |
| Alerts on current | false | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts notify | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Arrows visible | true | |
| Arrows on major cycle | true | |
| Arrows major up cycle color | LimeGreen | Colour on the chart |
| Arrows major dn cycle color | Red | Colour on the chart |
| Arrows major up cycle code | 241 | |
| Arrows major dn cycle code | 242 | |
| Arrows major cycle size | 2 | |
| Arrows on minor cycle | true | |
| Arrows minor up cycle color | DeepSkyBlue | Colour on the chart |
| Arrows minor dn cycle color | PaleVioletRed | Colour on the chart |
| Arrows minor up cycle code | 159 | |
| Arrows minor dn cycle code | 159 | |
| Arrows minor cycle size | 5 | |
| Arrows identifier | ci arrows1 | |
| Arrows upper gap | 1.0 | |
| Arrows lower gap | 1.0 |
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 · Alerts · RSI · Moving Average · ATR · MT4 Indicator · MQL4 Source Code