Two Psar Trading Strategy
Two Psar Trading Strategy is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is Parabolic SAR. It has 40 settings, for example note1 (default Fibonacci colors), Upper Fibo Color (default clrNavy) and Main Fibo Color (default clrRoyalBlue). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 8 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 Two Psar Trading Strategy
Two Psar Trading Strategy is an indicator for MetaTrader 4. It has 40 settings, such as Note1, Upper fibo color and Main fibo color. MQL source code included.
Files in the download: #SpudFibo.mq4, averages - mtf - alerts 9.0.ex4, b-clock_TRO_MODIFIED_VERSION.mq4, Currency Strength Giraia 28 pairs TRO MODIFIED.mq4, DisplaySpread.mq4, GBPCHFM15_20200110b.png, GBPCHFM15_20200110c.png, Ikokuno_3Parabolic.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Note1 | Fibonacci colors | |
| Upper fibo color | clrNavy | Colour on the chart |
| Main fibo color | clrRoyalBlue | Colour on the chart |
| Lower fibo color | clrDodgerBlue | Colour on the chart |
| Note2 | Draw main Fibonacci lines? | |
| Inner fibs | true | |
| Corner | 3 | |
| Xoffset | 1 | |
| Yoffset | 1 | |
| My font | Impact | "Eras Bold ITC" |
| My font size | 8 | |
| Color time | clrDarkGreen | Colour on the chart |
| Show pair | true | |
| Show price | true | |
| Turn off | false | TRO |
| Show currencies | true | TRO |
| Show chart pair | true | TRO |
| Show comment | false | TRO |
| My corner | 1 | TRO |
| Missing pairs | To have 28 pairs, these must be added: | |
| Font name | Calibri | Courier New"; |
| Font size | 8 | |
| Horiz pos | 1 | |
| Vert pos | 17 | |
| Vert spacing | 9 | |
| Refresh every x mins | 0 | |
| Color1 | MediumVioletRed | Colour on the chart |
| Level1 | 7.0 | |
| Color2 | DarkGreen | Colour on the chart |
| Level2 | 5.0 | |
| Color3 | Blue | Colour on the chart |
| Level3 | 2.9 | |
| Color4 | Red | Colour on the chart |
| Level4 | 0.0 | |
| Show no of pairs | false | |
| Sort descending | true | |
| Text color | clrDarkGreen | Colour on the chart |
| Text font | Arial Bold | |
| Text size | 8 | |
| Decimal points | 1 |
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: Parabolic SAR · MT4 Indicator · MQL4 Source Code