Reversal Pattern Strategy For Binary
Reversal Pattern Strategy For Binary — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to candlestick patterns and reversals against the current move. Its source code uses divergence checks, MACD and RSI. It draws arrows on the chart, can send alerts and can read another timeframe. It has 40 settings, for example separator1 (default *** MACD Settings ***), fast EMA (default 12) and slow EMA (default 26). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 32 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 Reversal Pattern Strategy For Binary
Reversal Pattern Strategy For Binary is an indicator for MetaTrader 4 based on Divergence, MACD and RSI. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 40 settings, such as Separator1, Fast ema and Slow ema. MQL source code included.
Files in the download: Reversal Pattern Strategy for binary\reversal pattern strategy\!!!FX5 MACD_Diver, Reversal Pattern Strategy for binary\reversal pattern strategy\!!!FX5 MACD_Diver, Reversal Pattern Strategy for binary\reversal pattern strategy\!!!RSI-3TF_ALERT_, Reversal Pattern Strategy for binary\reversal pattern strategy\123PatternsV6.ex4, Reversal Pattern Strategy for binary\reversal pattern strategy\123PatternsV6.mq4, Reversal Pattern Strategy for binary\reversal pattern strategy\1a.ex4, Reversal Pattern Strategy for binary\reversal pattern strategy\333.tpl, Reversal Pattern Strategy for binary\reversal pattern strategy\daily_open_line.e ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Separator1 | *** MACD Settings *** | |
| Fast ema | 12 | |
| Slow ema | 26 | |
| Signal sma | 9 | |
| Separator2 | *** Indicator Settings *** | |
| Draw indicator trend lines | true | |
| Draw price trend lines | true | |
| Display alert | true | Turn this alert on or off |
| Notes | 15pip RangeBars Basic Setup | |
| Zig zag depth | 12 | |
| Retrace depth min | 0.4 | |
| Retrace depth max | 1.0 | |
| Show all lines | True | |
| Show all breaks | True | |
| Show targets | False | |
| Target1 multiply | 1.5 | How much the lot size grows after a loss |
| Target2 multiply | 3.0 | How much the lot size grows after a loss |
| Hide transitions | True | |
| Time zone of data | 0 | |
| Font size | 14 | |
| Font id | Arial | |
| Font color | DarkOrange | Colour on the chart |
| Horiz pos | 5 | |
| Vert pos | 5 | |
| Corner | 2 | |
| Color1 | Red | Shadow of bear candlestick |
| Color2 | White | Shadow of bull candlestick |
| Color3 | Red | Bear candlestick body |
| Color4 | White | Bull candlestick body |
| N period | 9 | Period or timeframe used by the calculation |
| Factor 1 | 0.6666666 | |
| Factor 2 | 0.3333333 | |
| All bars | 240 | |
| Bars for fract | 0 | |
| P length signal | 2 | |
| P length1 | 13 | |
| P length2 | 17 | |
| Plot2 ma | TRUE | |
| Plot signal | FALSE | |
| Username |
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: Binary Options · Buy/Sell Arrows · Alerts · Divergence · Multi-Timeframe (MTF) · MACD · RSI · MT4 Indicator · MQL4 Source Code