Forex Advanced RSX Scalping Strategy
Forex Advanced RSX Scalping Strategy is an indicator for MetaTrader 4 from 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 31 settings, for example Time Frame (default Current time frame), Short Limit (default 10) and Long Limit (default 20). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 4 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 Advanced RSX Scalping Strategy
Forex Advanced RSX Scalping Strategy 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 31 settings, such as Time frame, Short limit and Long limit. MQL source code included.
Files in the download: adavanced rsx scalping stratey.tpl, cfb adaptive rsx- nrp-mtf+alert+lines-1-correct.mq4, installation manual.txt, MH Arrow Signals.mq4, RSX.mq4, RX5-Bars.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | Current time frame | Period or timeframe used by the calculation |
| Short limit | 10 | |
| Long limit | 20 | |
| Cfb norm length | 50 | |
| Cfb depth | 1 | |
| Cfb price | PRICE_WEIGHTED | |
| Cfb smooth | 8 | |
| Cfb result smooth | 2 | |
| Cfb result smooth phase | 0.0 | |
| Cfb result smooth double | true | |
| Rsx smooth length | 0.05 | |
| Rsx smooth phase | 0.0 | |
| Rsx smooth double | true | |
| Interpolate | true | |
| Multi color | true | Colour on the chart |
| 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 |
| Vertical lines visible | true | |
| Vertical lines id | cfbrsx | |
| Vertical lines up color | DeepSkyBlue | Colour on the chart |
| Vertical lines down color | PaleVioletRed | Colour on the chart |
| Vertical lines style | STYLE_DOT | |
| Vertical lines width | 0 | |
| Num bars | 500 | |
| Len | 14 | ---- buffers |
| Signal ma | 2 | |
| Ma method | 0 | |
| Shift | 0.0 | Bar shift (0 = current bar) |
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