Forex Price Reversal Band Scalping Strategy
Forex Price Reversal Band Scalping Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around short scalping trades and reversals against the current move. Its source code uses ATR. It draws arrows on the chart. It has 1 setting, for example Num Bars (default 500). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 7 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 Price Reversal Band Scalping Strategy
Forex Price Reversal Band Scalping Strategy is an indicator for MetaTrader 4 based on ATR. It draws buy and sell arrows on the chart. It has 1 setting, such as Num bars. MQL source code included.
Files in the download: FiboTrend.ex4, FPS PriceReversalBand.ex4, FPS2.tpl, installation manual.txt, pricereversalbandsscalping.tpl, RSI EXTREMUS .ex4, RSI EXTREMUS .mq4, Ultimate alerts & arrows.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Num bars | 500 |
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 · Buy/Sell Arrows · ATR · MT4 Indicator · MQL4 Source Code