Alfa Trading
From the Old Kings archive: Alfa Trading, an indicator for MetaTrader 4. In the code it works with RSI and an oscillator. It draws arrows on the chart and can send alerts. It has 17 settings, for example Stochastic Period (default 55), EMAPeriod (default 15) and Alert On (default false). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 11 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 Alfa Trading
Alfa Trading is an indicator for MetaTrader 4 based on RSI and Oscillator. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 17 settings, such as Stochastic period, Ema period and Alert on. MQL source code included.
Files in the download: ReadMeFirst.txt, indi\Alfa_Profit.ex4, indi\Double Smoothed Stochastic arrow alert.ex4, indi\Double Smoothed Stochastic arrow alert.mq4, indi\HLR.ex4, indi\Infoboard.ex4, indi\Rsi TMA centered bands Alert.ex4, indi\Rsi TMA centered bands Alert.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Stochastic period | 55 | Period or timeframe used by the calculation |
| Ema period | 15 | Period or timeframe used by the calculation |
| Alert on | false | Turn this alert on or off |
| Rsi length | 14 | |
| Rsi price | PRICE_CLOSE | |
| Half length | 12 | |
| Dev period | 100 | Period or timeframe used by the calculation |
| Deviations | 1.5 | |
| Indicator on | true | |
| Chart zoom 0123456 | 0 | |
| Volume alert on | true | Turn this alert on or off |
| Broker name in alert | Turn this alert on or off | |
| Std volume | DarkSlateGray | |
| Bull rising | Green | |
| Bear rising | C'170,15,45' | |
| Bull climax | Lime | |
| Bear climax | Red |
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 · RSI · Oscillator · MT4 Indicator · MQL4 Source Code