import re

def is_valid_url(url):
    # Regex to validate a URL, supporting http(s), ftp, file protocols
    # and various domain formats, including IP addresses.
    url_regex = re.compile(
        r'^(?:http|ftp)s?:\/\/' # http:// or https:// or ftp:// or ftps://
        r'(?:(?:[A-Z0-9](?:[A-Z0-9-]{0,61}[A-Z0-9])?\.)+(?:[A-Z]{2,6}\.?|[A-Z0-9-]{2,}\.?)|' # domain...
        r'localhost|' # localhost...
        r'\d{1,3}\.\d{1,3}\.\d{1,3}\.\d{1,3})' # ...or ip
        r'(?:\:\d+)?' # optional port
        r'(?:\/[-\\w\.\d]*)*(?:\?[^#]*)?(?:#.*)?$', re.IGNORECASE)
    return re.match(url_regex, url) is not None

# Example usage:
print(is_valid_url("https://www.example.com/path?param=value#hash")) # True
print(is_valid_url("http://localhost:8080")) # True
print(is_valid_url("ftp://ftp.example.org/file.zip")) # True
print(is_valid_url("invalid-url")) # False