Stop Reversal Mod1
Stop Reversal Mod1 is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is reversals against the current move. It draws arrows on the chart and can send alerts. It has 4 settings, for example n Pips (default 0.004), Send Alert (default true) and Send Email (default true). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Mod1
Stop Reversal Mod1 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 4 settings, such as N pips, Send alert and Send email. MQL source code included.
Files in the download: Stop_reversal_mod1.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| N pips | 0.004 | |
| Send alert | true | Turn this alert on or off |
| Send email | true | Turn this alert on or off |
| Alert minutes b4 close | 30 | 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