Simple Daily Trend Reversal
Simple Daily Trend Reversal — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around following the trend and reversals against the current move. It draws arrows on the chart and can send alerts. It has 40 settings, for example Len (default 14), Filter (default 0.0) and auto Time Adjustment (default true). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 9 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 Simple Daily Trend Reversal
Simple Daily Trend Reversal is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 40 settings, such as Len, Filter and Auto time adjustment. MQL source code included.
Files in the download: 3c turbo jrsx filtered.ex4, 3c turbo jrsx filtered.mq4, Candle Timer.ex4, Davits Pivot V3.2 Auto.ex4, Davits Pivot V3.2 Auto.mq4, pipsometer decimal edit 2.ex4, pipsometer decimal edit 2.mq4, ZigZag Arrow.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Len | 14 | ---- buffers |
| Filter | 0.0 | |
| Auto time adjustment | true | |
| Time zone of data | -5 | TimeZoneOfData(NewYork GMT) |
| Brokercandle | true | Broker's Candle |
| Startofpivot | D'2016.09.12 07:00' | Choose H1 Start Candle |
| Endofpivot | D'2016.09.19 06:00' | Choose H1 Finish Candle |
| Start end lines | true | Display Start and End lines for manual settings |
| Comment1 | Choose the TF | Comment written on the orders |
| Swaptf | 2 | |
| Comment2 | Choose Pivot Method | Comment written on the orders |
| Pivot meth | 1 | |
| Pivot fib | true | Choose Fib(true) or Standard(false) |
| Chose color pivot | clrYellow | Colour on the chart |
| Label color pivot | clrYellow | Colour on the chart |
| Width of pivot line | 0 | |
| Line style of pivot | 4 | |
| Chose color r38 | clrMagenta | Colour on the chart |
| Label color r38 | clrMagenta | Colour on the chart |
| Chose color r61 | clrLime | Colour on the chart |
| Label color r61 | clrLime | Colour on the chart |
| Chose color r78 | clrRed | Colour on the chart |
| Label color r78 | clrRed | Colour on the chart |
| Chose color r100 | clrCyan | Colour on the chart |
| Label color r100 | clrCyan | Colour on the chart |
| Chose color r138 | clrOrange | Colour on the chart |
| Label color r138 | clrOrange | Colour on the chart |
| Chose color r161 | clrBlack | Colour on the chart |
| Label color r161 | clrBlack | Colour on the chart |
| Chose color r200 | clrDarkKhaki | Colour on the chart |
| Label color r200 | clrDarkKhaki | Colour on the chart |
| Width of r line | 0 | |
| Line style of r | 0 | |
| Chose color s38 | clrMagenta | Colour on the chart |
| Label color s38 | clrMagenta | Colour on the chart |
| Chose color s61 | clrLime | Colour on the chart |
| Label color s61 | clrLime | Colour on the chart |
| Chose color s78 | clrRed | Colour on the chart |
| Label color s78 | clrRed | Colour on the chart |
| Chose color s100 | clrCyan | Colour on the chart |
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: Trend · Buy/Sell Arrows · Alerts · MT4 Indicator · MQL4 Source Code