Forex Moderate Swing Trading Strategy
Forex Moderate Swing Trading Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Its source code uses RSI and ATR. It draws arrows on the chart and can send alerts. It has 23 settings, for example RSIPeriod (default 2), RSIPrice (default PRICE_CLOSE) and High Low Period (default 13). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 2 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 Moderate Swing Trading Strategy
Forex Moderate Swing Trading Strategy is an indicator for MetaTrader 4 based on RSI and ATR. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 23 settings, such as Rsi period, Rsi price and High low period. MQL source code included.
Files in the download: installation manual.txt, moderate swing.tpl, rsi_channel alerts + arrows.ex4, rsi_channel alerts + arrows.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Rsi period | 2 | Period or timeframe used by the calculation |
| Rsi price | PRICE_CLOSE | |
| High low period | 13 | Period or timeframe used by the calculation |
| T3 period | 5 | Period or timeframe used by the calculation |
| T3 hot | 0.8 | |
| T3 original | true | |
| Show channel | true | |
| Show zig zag | false | |
| Alerts on | false | Turn this alert on or off |
| Alerts on current | true | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Alerts notify | false | Turn this alert on or off |
| Sound file | alert2.wav | Turn this alert on or off |
| Show arrows | true | |
| Arrows identifier | rsi Arrows1 | |
| Arrows upper gap | 0.5 | |
| Arrows lower gap | 0.5 | |
| Arrows up color | LimeGreen | Colour on the chart |
| Arrows dn color | Red | Colour on the chart |
| Arrows up code | 241 | |
| Arrows dn code | 242 |
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 · RSI · ATR · MT4 Indicator · MQL4 Source Code