Fisher Scalping System
Fisher Scalping System — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is short scalping trades. Its source code uses moving averages and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 17 settings, for example Time Frame (default Current time frame), MA Price (default 0) and MA Length (default 5). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 8 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 Fisher Scalping System
Fisher Scalping System is an indicator for MetaTrader 4 based on Moving Average and ATR. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 17 settings, such as Time frame, Ma price and Ma length. MQL source code included.
Files in the download: Fisher scalping system\Auto-Pivot Plotter V1-42.ex4, Fisher scalping system\Fiji Trend_alerts mtf.ex4, Fisher scalping system\Fiji Trend_alerts mtf.mq4, Fisher scalping system\Fisher Indicator.ex4, Fisher scalping system\fisher Scalping System.tpl, Fisher scalping system\smFisherTransform3_impr.ex4, Fisher scalping system\smFisherTransform3_impr.mq4, Fisher scalping system\Solar Winds joy - histo.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | Current time frame | Period or timeframe used by the calculation |
| Ma price | 0 | Applied Price: 0-C,1-O,2-H,3-L,4-Median,5-Typical,6-Weighted |
| Ma length | 5 | MA's Period |
| Ma mode | 0 | MA's Method:0-SMA,1-EMA,2-SMMA,3-LWMA |
| Atr length | 11 | ATR's Period |
| Kv | 1.3 | Volatility's Factor or Multiplier |
| Money risk | 0.15 | Offset Factor |
| Alerts on | true | Turn this alert on or off |
| Alerts on current | false | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Sound file | alert2.wav | Turn this alert on or off |
| Period | 8 | Period or timeframe used by the calculation |
| Alarm | true | |
| Ehlers formula | true | |
| Smooth | 10 |
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: Scalping · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · Moving Average · ATR · MT4 Indicator · MQL4 Source Code