Updated Nasdaq Payback System 4
This Old Kings indicator for MetaTrader 4 is called Updated Nasdaq Payback System 4. In the code it works with moving averages and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 35 settings, for example Price (default 0), Length (default 20) and TIME FRAMES (default 0). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 7 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 Updated Nasdaq Payback System 4
Updated Nasdaq Payback System 4 is an indicator for MetaTrader 4 based on Moving Average and ATR. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 35 settings, such as Price, Length and Time frames. MQL source code included.
Files in the download: #4X 2010 SEMA4X.ex4, Averages rainbow 1.04.ex4, buzzer.ex4, buzzer.mq4, FREE TRADING SYSTEMS AND INDICATORS.url, mqlcache.dat, NPS ROBOT SUPER POWERFUL.tpl, RenkoLiveChart_v3.4.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Price | 0 | |
| Length | 20 | |
| Time frames | 0 | Period or timeframe used by the calculation |
| Alert on | true | Turn this alert on or off |
| Email on | true | Turn this alert on or off |
| Time frame | tf_cu | Time frame |
| Time frame custom | 0 | Custom time frame to use (if custom time frame used) |
| Oma length | 25 | Oma Length |
| Oma speed | 2.5 | Oma Speed |
| Oma adaptive | true | Use Oma Adaptive true or false |
| Sensitivity | 0.5 | Sensivity Factor |
| Step size | 50 | Step Size period |
| High low | false | High/Low Mode Switch (more sensitive) |
| Filter | 0 | Filter to use for filtering (<=0 - no filtering) |
| Filter period | 0 | Filter period to use ( when <= 0, same as oma period) |
| Display type | en_lin | Display type |
| Lines width | 3 | Lines width (when lines are included in display) |
| Bars width | 1 | Bars width (when bars are included in display) |
| Alerts on | true | Turn alerts on? |
| Alerts on current | true | Alerts on current (still opened) bar? |
| Alerts message | true | Alerts should display alert message? |
| Alerts sound | true | Alerts should play alert sound? |
| Alerts push notif | false | Alerts should send alert notification? |
| Alerts email | false | Alerts should send alert email? |
| Up pips | 0 | Upper band in pips (<= 0 - no band) |
| Dn pips | 0 | Lower band in pips (<= 0 - no band) |
| Arrow code up | 159 | Up Arrow code |
| Arrow code dn | 159 | Down Arrow code |
| Arrow gap up | 0.5 | Gap for arrow up |
| Arrow gap dn | 0.5 | Gap for arrow down |
| Arrow size up | 2 | Up Arrow Size |
| Arrow size dn | 2 | Down Arrow Size |
| Arrow on first | true | Arrow on first bars |
| Shift | 0 | Average shift |
| Interpolate | int_line | Interpolating method when using multi time frame mode |
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: Indices (US30, NAS100, DAX) · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · Moving Average · ATR · MT4 Indicator · MQL4 Source Code