Forex Nonlagma Stochastic Scalping Strategy
Forex Nonlagma Stochastic Scalping Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is the Stochastic oscillator and short scalping trades. Its source code uses RSI and the Stochastic oscillator. It draws arrows on the chart and can send alerts. It has 17 settings, for example Alert ON (default false), Draw ARROW (default true) and Level Up (default 85). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 5 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 Nonlagma Stochastic Scalping Strategy
Forex Nonlagma Stochastic Scalping Strategy is an indicator for MetaTrader 4 based on RSI and Stochastic. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 17 settings, such as Alert on, Draw arrow and Level up. MQL source code included.
Files in the download: installation manual.txt, Nonlagma stochastic.tpl, NonLagMA_v5.ex4, SpudsStochastic.mq4, Stochastic RSI.mq4, Stochastic Signal.mq4, _Stochastic_Cross_Alert_SigOverlayM_cw.ex4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Alert on | false | Turn this alert on or off |
| Draw arrow | true | |
| Level up | 85 | |
| Level dn | 15 | |
| Rsi periods | 14 | Number of bars in the calculation |
| Percent k | 14 | |
| Percent d | 9 | |
| Num of bars | 0 | |
| Sound on | TRUE | Turn this alert on or off |
| Email on | FALSE | Turn this alert on or off |
| 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 | |
| Up level | 80.0 | |
| Down level | 20.0 |
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 · Stochastic · Buy/Sell Arrows · Alerts · RSI · MT4 Indicator · MQL4 Source Code