System 17 With ATR Strategy 2
This Old Kings indicator for MetaTrader 4 is called System 17 With ATR Strategy 2. As the name suggests, the idea behind it is ATR volatility. In the code it works with moving averages. It draws arrows on the chart. It has 12 settings, for example note1 (default Next 2 parms used on 1/5), Moving Average1 (default 12) and BBPeriod1 (default 8). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 3 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 System 17 With ATR Strategy 2
System 17 With ATR Strategy 2 is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart. It has 12 settings, such as Note1, Moving average1 and Bb period1. MQL source code included.
Files in the download: Filter v2.01.ex4, Filter.ex4, System 17.tpl, System17-Indicator.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Note1 | Next 2 parms used on 1/5min charts | |
| Moving average1 | 12 | |
| Bb period1 | 8 | Number of bars in the calculation |
| Note2 | Next 2 parms used on >=15min charts | |
| Moving average2 | 21 | |
| Bb period2 | 9 | Number of bars in the calculation |
| Bb deviation | 0.75 | |
| Colour up arr | Green | Colour on the chart |
| Colour down arr | Red | Colour on the chart |
| Bar percent | 33.0 | |
| Arrow dist from bar | 6 | |
| Max bars to calculate | 500 |
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: ATR · Buy/Sell Arrows · Moving Average · MT4 Indicator · MQL4 Source Code