Forex H4 Profit Zones Swing Trading Strategy 1
Forex H4 Profit Zones Swing Trading Strategy 1 is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is price zones drawn on the chart. Its source code uses RSI and the Stochastic oscillator. It draws arrows on the chart, can send alerts and can read another timeframe. It has 39 settings, for example Price Width (default 1), globals (default false) and Level1 (default Black). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 25 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 H4 Profit Zones Swing Trading Strategy 1
Forex H4 Profit Zones Swing Trading Strategy 1 is an indicator for MetaTrader 4 based on RSI and Stochastic. 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 39 settings, such as Price width, Globals and Level1. MQL source code included.
It also shows several symbols in one panel.
Files in the download: 1.tpl, 11 iADRCalculator.ex4, 11.tpl, 13 01 2013.tpl, 14 01 2013.tpl, 16 02 2013.tpl, 17 02 2013.tpl, 2.tpl ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Price width | 1 | |
| Globals | false | |
| Level1 | Black | |
| Level2 | DarkGray | |
| Level3 | LightGray | |
| Style | 0 | |
| Width | 1 | |
| Font name | Arial | |
| Font size | 14 | |
| Font color | White | Colour on the chart |
| Corner | 0 | values [0-3] - |
| X distance | 250 | x |
| Y distance | 0 | y |
| Bb period | 20 | Period or timeframe used by the calculation |
| Std deviation | 2 | |
| Histo width | 2 | |
| Histo color | Blue | Colour on the chart |
| Time color | White | Colour on the chart |
| Periods | 20 | Number of bars in the calculation |
| Corner | 3 | |
| Is ibf xmini | FALSE | |
| Max | 8 | |
| Min | 4 | |
| Gap | 4 | |
| Show biasand key | TRUE | |
| Arrow size | 2 | |
| Time frame | 0 | Period or timeframe used by the calculation |
| 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 | |
| Price field | 0 | |
| Rsi period | 13 | 8-25 |
| Rsi price | 0 | 0-6 |
| Volatility band | 34 | 20-40 |
| Rsi price line | 2 | |
| Rsi price type | 0 | 0-3 |
| Trade signal line | 7 | |
| Trade signal type | 0 | 0-3 |
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) · Dashboards & Scanners · RSI · Stochastic · MT4 Indicator · MQL4 Source Code