Forex Regression Analysis Scalping Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Regression Analysis Scalping Strategy. Its name points to short scalping trades. In the code it works with moving averages. It can read another timeframe. It has 6 settings, for example Time Frame (default Current time frame), Length (default 14) and Mom Period (default 5). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Regression Analysis Scalping Strategy
Forex Regression Analysis Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average. It can show data from another timeframe (MTF). It has 6 settings, such as Time frame, Length and Mom period. MQL source code included.
Files in the download: b_Regression_Analysis.ex4, installation manual.txt, regression analysis scalping system (rsx nrp).tpl, regression analysis scalping system (rmi on rsx).tpl, RMI rsx smoothed.ex4, RMI rsx smoothed.mq4, RSX nrp mtf MrTools.ex4, RSX nrp mtf MrTools.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | Current time frame | Period or timeframe used by the calculation |
| Length | 14 | |
| Mom period | 5 | Period or timeframe used by the calculation |
| Price | PRICE_TYPICAL | |
| Level ob | 80 | |
| Level os | 20 |
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 · Multi-Timeframe (MTF) · Moving Average · MT4 Indicator · MQL4 Source Code