Forex Power Trend Line Scalping Strategy
Forex Power Trend Line Scalping Strategy is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is automatic trendlines, short scalping trades and following the trend. Its source code uses Bollinger Bands and Momentum. It draws arrows on the chart and can send alerts. It has 22 settings, for example Length (default 20), Deviation (default 2) and Money Risk (default 1.00). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Power Trend Line Scalping Strategy
Forex Power Trend Line Scalping Strategy is an indicator for MetaTrader 4 based on Bollinger Bands and Momentum. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 22 settings, such as Length, Deviation and Money risk. MQL source code included.
Files in the download: installation manual.txt, TraderCupu-DodaBolinger.mq4, TraderCupu-Heiken Ashi.mq4, TraderCupu-Pivot,SupportnResisstance.mq4, TraderCupu-Regression Analisis.mq4, TraderCupu-TrendLine.mq4, trendline scalping.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Length | 20 | Bollinger Bands Period |
| Deviation | 2 | Deviation was 2 |
| Money risk | 1.00 | Offset Factor |
| Signal | 1 | Display signals mode: 1-Signals & Stops; 0-only Stops; 2-only Signals; |
| Line | 1 | Display line mode: 0-no,1-yes |
| Nbars | 1000 | |
| Sound on | true | Turn this alert on or off |
| Blue zone | RoyalBlue | ???? ???????? ???? |
| Red zone | Red | ???? ??????? ???? |
| Grey zone | Gray | ???? ????? ???? |
| Body width | 3 | ?????? ???? ????? |
| Shadow width | 1 | ?????? ???? ????? |
| Shift hrs | 5 | Pivot day shift |
| Dp limiter | 100 | Number of data points |
| Endpos | 0 | Last value position |
| Mult std dev | 1.96 | Bands separation |
| Record | false | Record info into a file text |
| Info | - - - Tutaj podaj ile ma byc badanych sw | |
| Linia dolna od | 1, linia_dolna_do = 366 | |
| Linia gorna od | 1, linia_gorna_do = 366 | |
| Nazwa dolnej linii | Support/Wsparcie", nazwa_gornej_linii = | |
| Kolor dolnej linii | Green, kolor_gornej_linii = Red |
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 · Trend · Buy/Sell Arrows · Alerts · Bollinger Bands · Momentum · MT4 Indicator · MQL4 Source Code