Watl Open Source 2 4
Watl Open Source 2 4 is an indicator for MetaTrader 4 from the Old Kings collection. Its source code uses moving averages. It draws arrows on the chart and can send alerts. It has 40 settings, for example Open Sourceby (default idealfx), High period (default 70) and Low period (default 21). 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 Watl Open Source 2 4
Watl Open Source 2 4 is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 40 settings, such as Open sourceby, High period and Low period. MQL source code included.
Files in the download: WATL-Open Source.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Open sourceby | idealfx | |
| High period | 70 | Period or timeframe used by the calculation |
| Low period | 21 | Period or timeframe used by the calculation |
| Trigger sens | 2 | |
| Forecast high trend line | TRUE | |
| Stay lines after delete | FALSE | |
| Note0 | ***** Semafor Drawing Adjustment | |
| Draw high pivot semafor | TRUE | |
| Draw low pivot semafor | TRUE | |
| Draw lowest pivot semafor | TRUE | |
| Note1 | ***** High Trend Lines Adjustment | |
| Htl draw | TRUE | |
| Htl res color | Red | Colour on the chart |
| Htl sup color | Maroon | Colour on the chart |
| Htl style | 1 | |
| Htl width | 2 | |
| Htl ext | 1.5 | |
| Htl in memory | 10 | |
| Htl min pivot different ignore | 5 | |
| Note2 | ***** Low Trend Lines Adjustment | |
| Ltl draw | TRUE | |
| Ltl res color | Gold | Colour on the chart |
| Ltl sup color | Goldenrod | Colour on the chart |
| Ltl style | 0 | |
| Ltl width | 0 | |
| Ltl ext | 1.5 | |
| Ltl in memory | 30 | |
| Ltl min pivot different ignore | 4 | |
| Note3 | ***** High Semafor Adjustment | |
| High pivot text alarm | TRUE | |
| High pivot sound alarm | alert.wav | Turn this alert on or off |
| High pivot semafor draw offset | 28 | |
| High semafor symbol | 142 | |
| Note4 | ***** High Semafor Adjustment | |
| Low pivot text alarm | FALSE | |
| Low pivot sound alarm | Turn this alert on or off | |
| Low pivot semafor draw offset | 18 | |
| Low semafor symbol | 141 | |
| Note5 | ***** Lowest Semafor Adjustment | |
| Lowest semafor symbol | 115 |
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 · Moving Average · MT4 Indicator · MQL4 Source Code