Forex Matrix Histogram Scalping Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Matrix Histogram Scalping Strategy. As the name suggests, the idea behind it is short scalping trades. In the code it works with RSI. It can send alerts. It has 2 settings, for example RSIPeriod (default 8,RSIPrice=0,MASignal=13) and RSIHisto Modify (default 1.5). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 3 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 Matrix Histogram Scalping Strategy
Forex Matrix Histogram Scalping Strategy is an indicator for MetaTrader 4 based on RSI. It can alert you with a pop-up, sound, email or push message. It has 2 settings, such as Rsi period and Rsi histo modify. MQL source code included.
Files in the download: installation manual.txt, Matrix VCS.ex4, PivotCustomTime.ex4, rsi histo and matrix vcs.tpl, RSI HistoAlert v2.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Rsi period | 8,RSIPrice=0,MASignal=13,MAMode=0,BuyAle | Period or timeframe used by the calculation |
| Rsi histo modify | 1.5 |
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 · Alerts · RSI · MT4 Indicator · MQL4 Source Code