Wedge Pattern
This Old Kings indicator for MetaTrader 4 is called Wedge Pattern. As the name suggests, the idea behind it is candlestick patterns. In the code it works with ATR. It has 7 settings, for example Calc Period (default 100), Max Keep Period (default 60) and _ (default 1: line only, 2: set buf). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Wedge Pattern
Wedge Pattern is an indicator for MetaTrader 4 based on ATR. It has 7 settings, such as Calc period, Max keep period and _. MQL source code included.
Files in the download: wedge-pattern.mq4, 7 Strategies.url.
Settings
| Setting | Default | What it does |
|---|---|---|
| Calc period | 100 | Calculation period |
| Max keep period | 60 | Maximum Keep period |
| _ | 1: line only, 2: set buffer ,3:both | |
| Wedge line mode | 3 | WedgeLineMode |
| Deviations | 1.0 | High Low Bands Deviations |
| Line filter | 1.2 | Line Filter Deviations |
| Reversal noise filter | 5 | NoiseFilter (Minimam Reversal Spread) |
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 · MT4 Indicator · MQL4 Source Code