Forex Buy Sell Action Scalping Strategy
From the Old Kings archive: Forex Buy Sell Action Scalping Strategy, an indicator for MetaTrader 4. As the name suggests, the idea behind it is short scalping trades. In the code it works with RSI, moving averages and CCI. It can read another timeframe. It has 4 settings, for example Time Frame (default 1), Period RSI (default 14) and Period CCI 1 (default 34). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Buy Sell Action Scalping Strategy
Forex Buy Sell Action Scalping Strategy is an indicator for MetaTrader 4 based on RSI, Moving Average and CCI. It can show data from another timeframe (MTF). It has 4 settings, such as Time frame, Period rsi and Period cci 1. MQL source code included.
Files in the download: #SpudFibo.ex4, installation manual.txt, Market Sessions.ex4, RSI+2CCI+HAS_MTF.mq4, Scalping Action .tpl, Scalping action1.tpl, TF-Slicer.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | 1 | Period or timeframe used by the calculation |
| Period rsi | 14 | Number of bars in the calculation |
| Period cci 1 | 34 | Number of bars in the calculation |
| Period cci 2 | 170 | Number of bars in the calculation |
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 · Multi-Timeframe (MTF) · RSI · Moving Average · CCI · MT4 Indicator · MQL4 Source Code