Forex RSI Lido Scalping Strategy
Forex RSI Lido Scalping Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to the RSI oscillator (overbought / oversold zones) and short scalping trades. Its source code uses RSI and moving averages. It draws arrows on the chart. It has 27 settings, for example Play Alert (default false), s0 (default ---------------) and t0 (default Hull Moving Average Filt). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 3 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 RSI Lido Scalping Strategy
Forex RSI Lido Scalping Strategy is an indicator for MetaTrader 4 based on RSI and Moving Average. It draws buy and sell arrows on the chart. It has 27 settings, such as Play alert, S0 and T0. MQL source code included.
Files in the download: AnyMA_Rsi_R2_Indi_Opt.mq4, FiboPiv_v2.mq4, installation manual.txt, rsi lido.tpl, RSI_LiDo.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Play alert | false | Turn this alert on or off |
| S0 | --------------- | |
| T0 | Hull Moving Average Filter | |
| Use hull filter | true | |
| Hull periods | 200 | Number of bars in the calculation |
| Hull applied price | 0 | |
| Hull separation pips | 1 | |
| S1 | --------------- | |
| T1 | Trend Moving Average | |
| Ma periods | 200 | Number of bars in the calculation |
| Ma type | 0 | |
| Ma applied price | 0 | |
| S2 | --------------- | |
| Rsi periods | 2 | Number of bars in the calculation |
| Rsi applied price | 0 | |
| S3 | --------------- | |
| Buy if day1 rsi below | 65 | 1st day of tracking must be < this setting |
| Buy if day3 rsi below | 65 | 3rd day must be < this setting |
| S4 | --------------- | |
| Sell if day1 rsi above | 35 | 1st day of tracking must be > this setting |
| Sell if day3 rsi above | 35 | 3rd day must be > this setting |
| S5 | --------------- | |
| Close buy if rsi above | 75 | |
| Close sell if rsi below | 25 | |
| S6 | --------------- | |
| Show bars | 10000 | |
| Rsi period | 4 | Period or timeframe used by the calculation |
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 · RSI · Buy/Sell Arrows · Moving Average · MT4 Indicator · MQL4 Source Code