Forex Best Alternative Swing Trading Strategy
Forex Best Alternative Swing Trading Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Its source code uses RSI. It draws arrows on the chart, can send alerts and can read another timeframe. It has 11 settings, for example Time Frame (default 0), RSIperiod (default 14) and Short Period (default 5). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 6 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 Best Alternative Swing Trading Strategy
Forex Best Alternative Swing Trading Strategy is an indicator for MetaTrader 4 based on RSI. 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 11 settings, such as Time frame, Rs iperiod and Short period. MQL source code included.
Files in the download: #MTF_RSIFilter.ex4, #MTF_RSIFilter~.ex4, #MTF_RSIFilter~.mq4, alternative 300+3ema.tpl, HistoBands.ex4, HistoBands~.mq4, installation manual.txt, Var Mov Avg3.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | 0 | Period or timeframe used by the calculation |
| Rs iperiod | 14 | Period or timeframe used by the calculation |
| Short period | 5 | Period or timeframe used by the calculation |
| N bars | 100 | |
| Period ama | 50 | Number of bars in the calculation |
| Nfast | 15 | |
| Nslow | 10 | |
| G | 1.0 | |
| D k | 0.1 | |
| Use sound | True | Turn this alert on or off |
| Sound file | expert.wav | Turn this alert on or off |
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 · Multi-Timeframe (MTF) · RSI · MT4 Indicator · MQL4 Source Code