Forex HD Envelopes Scalping Strategy
Forex HD Envelopes Scalping Strategy is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is moving-average envelopes and short scalping trades. Its source code uses divergence checks and moving averages. It draws arrows on the chart. It has 2 settings, for example Line Distance (default 1) and Max Bars Lookback (default 250). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 1 indicator file 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 HD Envelopes Scalping Strategy
Forex HD Envelopes Scalping Strategy is an indicator for MetaTrader 4 based on Divergence and Moving Average. It draws buy and sell arrows on the chart. It has 2 settings, such as Line distance and Max bars lookback. MQL source code included.
Files in the download: Histogram Divergence Indicator.mq4, Histogram Divergence scalping with Envelope.tpl, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Line distance | 1 | Distance between orders |
| Max bars lookback | 250 |
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 · Channels & Envelopes · Buy/Sell Arrows · Divergence · Moving Average · MT4 Indicator · MQL4 Source Code