Forex Confluence Scalping Strategy
Forex Confluence 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. It draws arrows on the chart, can send alerts and can read another timeframe. It has 40 settings, for example Start Hour (default 0), Start Minute (default 0) and Days To Plot (default 15). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 16 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 Confluence Scalping Strategy
Forex Confluence Scalping Strategy is an indicator for MetaTrader 4. 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 40 settings, such as Start hour, Start minute and Days to plot. MQL source code included.
Files in the download: !!moody_confluence_complementary.tpl, !!moody_confluence_scalper_m1_#1.tpl, Auto-Pivot Plotter V1-41.ex4, Auto-Pivot Plotter V1-41.mq4, HoursChannel_v1.ex4, HoursChannel_v1.mq4, installation manual.txt, JAGUARr.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Start hour | 0 | Hour when trading starts (server time) |
| Start minute | 0 | |
| Days to plot | 15 | |
| Hours | 1080 | |
| Col | LimeGreen | |
| Parameter file | NONE | |
| Time frame | Period or timeframe used by the calculation | |
| Lookback candles | 50 | |
| Start date time | D'1971.01.01 00:00' | |
| Include current candle | false | |
| Bandwidth pips | 1 | |
| Frequency levels | 1,2,3,4 | |
| Frequency colors | r85,r125,r155,r175 | Colour on the chart |
| Color chart | White | Colour on the chart |
| Include next band above | false | |
| Visibility level | 1,1 | |
| Clearance pips | 0 | |
| Vis completion required | false | |
| Candle highs valid | true | |
| Candle lows valid | true | |
| Candle closes valid | false | |
| All candle points valid | false | |
| Line width | 0 | |
| Background | true | |
| Line or band length | 0 | |
| Histogram size | 0 | |
| Histogram font size | 8 | |
| Histogram font | Arial | |
| Histogram font color | White | Colour on the chart |
| Histogram price mask | ||
| Show histogram only | false | |
| Show on time frames | M1,M5,M15,M30,H1,H4,D1,W1,MN | Period or timeframe used by the calculation |
| Description mask | 'SR'B'-' | |
| Plot proximity pips | -1 | |
| Historical shift | 0 | Bar shift (0 = current bar) |
| Refresh every x mins | M1 | |
| Output file | ||
| Output min frequency | 0 | |
| Unique id | 0 | |
| Delete lines on deinit | true |
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) · MT4 Indicator · MQL4 Source Code