Stop Reversal Mod
Stop Reversal Mod — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is reversals against the current move. This copy is a modified edition. It draws arrows on the chart and can send alerts. It has 2 settings, for example n Pips (default 0.004) and Send5Minute Alert (default true). 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 Stop Reversal Mod
Stop Reversal Mod 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 2 settings, such as N pips and Send5 minute alert. MQL source code included.
Files in the download: Stop_reversal_mod.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| N pips | 0.004 | |
| Send5 minute alert | true | Turn this alert on or off |
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 · MT4 Indicator · MQL4 Source Code