R2 Arrows V1
This Old Kings indicator for MetaTrader 4 is called R2 Arrows V1. As the name suggests, the idea behind it is buy / sell signals on the chart. The file name marks it as version 1. In the code it works with RSI and moving averages. It draws arrows on the chart. It has 7 settings, for example Trend Ma Periods (default 200), Rsi Low Lev (default 35) and Rsi Hi Lev (default 65). 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 · Free
About R2 Arrows V1
R2 Arrows V1 is an indicator for MetaTrader 4 based on RSI and Moving Average. It draws buy and sell arrows on the chart. It has 7 settings, such as Trend ma periods, Rsi low lev and Rsi hi lev. MQL source code included.
Files in the download: R2_ArrowsV1.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Trend ma periods | 200 | Number of bars in the calculation |
| Rsi low lev | 35 | |
| Rsi hi lev | 65 | |
| Rsi periods | 2 | Number of bars in the calculation |
| Applied price | 0 | |
| Close buy rsi lev | 75 | |
| Close sell rsi lev | 25 |
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 · Moving Average · MT4 Indicator · MQL4 Source Code