simple stop entry price indicator Indicator For MT4

simple stop entry price indicator Indicator For MT4

The simple stop entry price indicator Indicator For MT4 draws two simple color line that helps the traders to find the potential buying and selling zone. The green color line acts as the critical resistance level and the red color line acts as the buying zone. To get benefit from this tool, you must trade this level in the daily time frame. If possible, try to use the price action signals since it will greatly improve your trading skills.

FREE simple stop entry price indicator Indicator

Download the FREE simple stop entry price indicator Indicator for MT4.

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Installing the simple stop entry price indicator Indicator For MT4

After you downloaded the indicator via the form above you need to unzip the zip-file. Then you need to copy the file melkl.mq4 into the folder MQL4\Indicators of your MT4 installation. After that please restart MT4 and then you will be able to see the indicator in the list of indicators.

Parameters of the simple stop entry price indicator Indicator For MT4

The simple stop entry price indicator Indicator For MT4 has 0 parameters to configure.

Buffers of the simple stop entry price indicator Indicator For MT4

The simple stop entry price indicator Indicator For MT4 provides 4 buffers.

	SetIndexBuffer(0, BE);
	SetIndexBuffer(1, SE);
	SetIndexBuffer(2, BB);
	SetIndexBuffer(3, SS);

Main Parts Of The Code

int start()
{
	int cntbar=IndicatorCounted();
	int limit=Bars-cntbar;
	if(cntbar==0){limit-=3;BB[limit]=EMPTY_VALUE;SS[limit]=EMPTY_VALUE;}
	for(int i=limit-1;i gt =0;i--)
	{
		BE[i] = EMPTY_VALUE;
		SE[i] = EMPTY_VALUE;

		if(High[i+3] gt High[i+2]&&High[i+2] gt High[i+1]&&Low[i+3] lt Low[i+2]&&Low[i+2] lt Low[i+1])
		{
			double be,se;
			be= High[i+2]+GP*PAP*Point;
			se=Low[i+2]-GP*PAP*Point;
			BE[i]=be;be+=Ask-Bid;
			SE[i]=se;
			ObjectSetText(nmBE,"buy(Ask):  gt  "+DoubleToStr(be,Digits));
			ObjectSetText(nmSE,"sell(Bid):  lt  "+DoubleToStr(se,Digits));
			ObjectSetText(nmRisk,"risk-: "+DoubleToStr((be-se)/Point/PAP,0)+"pips");
		}
		
		if(BE[i]!=EMPTY_VALUE)BB[i]=BE[i];else BB[i]=BB[i+1];
		if(SE[i]!=EMPTY_VALUE)SS[i]=SE[i];else SS[i]=SS[i+1];
	}
	return(0);
}
//+------------------------------------------------------------------+
//|	Create Objects				|
//+------------------------------------------------------------------+
void Dlbl(string name,string txt,int corner,int x,int y,color col,int fontsz)
{
	ObjectCreate(name,OBJ_LABEL,0,0,0);
	ObjectSetText(name,txt,fontsz,"Arial",col);
	ObjectSet(name,OBJPROP_CORNER,corner);
	ObjectSet(name,OBJPROP_YDISTANCE,y);
	ObjectSet(name,OBJPROP_XDISTANCE,x);
}
//+------------------------------------------------------------------

 

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