Forex Absolute Strength Scalping Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Absolute Strength Scalping Strategy. Judging by its name, it is built around currency strength across pairs and short scalping trades. In the code it works with the Stochastic oscillator and moving averages. It draws arrows on the chart, can send alerts and can read another timeframe. It has 27 settings, for example Length (default 10), Smooth (default 5) and Signal (default 5). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 2 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 Forex Absolute Strength Scalping Strategy
Forex Absolute Strength Scalping Strategy is an indicator for MetaTrader 4 based on Stochastic and Moving Average. 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 27 settings, such as Length, Smooth and Signal. MQL source code included.
Files in the download: absolute strngth.tpl, AbsoluteStrength_v1.1_mtf.mq4, installation manual.txt, _Stochastic_Cross_Alert_SigOverlayM_cw.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Length | 10 | Period of evaluation |
| Smooth | 5 | Period of smoothing |
| Signal | 5 | Period of Signal Line |
| Ma method | 3 | Mode of Moving Average |
| Ma price | 0 | Price mode : 0-Close,1-Open,2-High,3-Low,4-Median,5-Typical,6-Weighted |
| Ab s mode | 0 | 0-RSI method; 1-Stoch method; 2-ADX method |
| Use obos levels | false | |
| Over bought l | 80 | OverBought Level |
| Over sold l | 20 | OverSold Level |
| Max bars to count | 1500 | |
| Time frame | 0 | Period or timeframe used by the calculation |
| Note price | 0C 1O 2H 3L 4Md 5Tp 6WghC, Md(HL/2)4,Tp( | |
| Ma method | SMA0 EMA1 SMMA2 LWMA3 | |
| Ab s mode | 0-RSI 1-Stoch 2-ADX method | |
| Sound on | false | Turn this alert on or off |
| Email on | false | Turn this alert on or off |
| K period | 5 | Period or timeframe used by the calculation |
| D period | 3 | Period or timeframe used by the calculation |
| Slowing | 3 | |
| Ma method | 0 | SMA 0, EMA 1, SMMA 2, LWMA 3 |
| Price field | 0 | Low/High 0, Close/Close 1 |
| Over bought level | 80 | |
| Over sold level | 20 | |
| Show kd cross | false | |
| Show k obo scross | true | |
| Show d obo scross | false | |
| Ma method | SMA0 EMA1 SMMA2 LWMA3 |
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) · Stochastic · Moving Average · MT4 Indicator · MQL4 Source Code