Forex MACD Green Scalping Strategy
From the Old Kings archive: Forex MACD Green Scalping Strategy, an indicator for MetaTrader 4. Judging by its name, it is built around MACD (moving average convergence / divergence) and short scalping trades. In the code it works with moving averages. It has 20 settings, for example Bands Period (default 20), Bands Shift (default 0) and Bands Deviations (default 1). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 62 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 MACD Green Scalping Strategy
Forex MACD Green Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average. It has 20 settings, such as Bands period, Bands shift and Bands deviations. MQL source code included.
Files in the download: Bands - Dual.ex4, Bands - Dual.mq4, Bands Delux.ex4, Bands Delux.mq4, Bands Q.ex4, Bands Q.mq4, Bands.ex4, Bands.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Bands period | 20 | Period or timeframe used by the calculation |
| Bands shift | 0 | Bar shift (0 = current bar) |
| Bands deviations | 1 | |
| Bands deviations2 | 2 | |
| Note1 | 0=SimpleMA, 1=EMA | |
| Note2 | 2=SmoothMA, 3=LWMA | |
| Ma method | 1 | |
| Ma mode | MODE_SMA | |
| Price type | 5 | |
| Fast ma period | 8 | Period or timeframe used by the calculation |
| Slow ma period | 21 | Period or timeframe used by the calculation |
| Signal ma period | 8 | Period or timeframe used by the calculation |
| Bid ask colors | True | Colour on the chart |
| Font color | Black | Colour on the chart |
| Note3 | Font Size | |
| Font size | 32 | |
| Note4 | Font Type | |
| Font type | Arial Black | |
| Note5 | Display the price in what corner? | |
| What corner | 1 |
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 · MACD · Moving Average · MT4 Indicator · MQL4 Source Code