Forex RSI Normalized Scalping Strategy
From the Old Kings archive: Forex RSI Normalized Scalping Strategy, an indicator for MetaTrader 4. Its name points to the RSI oscillator (overbought / oversold zones) and short scalping trades. In the code it works with RSI. It can send alerts and can read another timeframe. It has 40 settings, for example Clock Color (default DimGray), Corner Placement (default 1 is top right 3 is bott) and Corner (default 3). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 9 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 Normalized Scalping Strategy
Forex RSI Normalized Scalping Strategy is an indicator for MetaTrader 4 based on RSI. It can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 40 settings, such as Clock color, Corner placement and Corner. MQL source code included.
Files in the download: #4X 2010 SEMA4X.ex4, 1.tpl, Candle Time & Spread.ex4, Candle Time & Spread.mq4, FFCal.ex4, FFCal.mq4, GP_Clock.ex4, installation manual.txt ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Clock color | DimGray | Colour on the chart |
| Corner placement | 1 is top right 3 is bottom right | |
| Corner | 3 | |
| Include high | true | |
| Include medium | false | |
| Include low | false | |
| Include speaks | true | news items with "Speaks" in them have different characteristics |
| Is ea call | false | |
| Offset hours | 0 | No longer used - euclid |
| Allow web updates | true | Set this to false when another indicator instance is already |
| Alert1 mins before | -1 | Set to -1 for no Alert |
| Alert2 mins before | -1 | Set to -1 for no Alert |
| Report all for usd | false | |
| Enable logging | false | Perhaps remove this from externs once its working well |
| Show next two events | true | |
| Show vert news | true | |
| Txt size | 10 | |
| Txt color title | LightGray | Colour on the chart |
| Txt color news | Black | Colour on the chart |
| Txt color impact | Red | Colour on the chart |
| Txt color previous | White | Colour on the chart |
| Txt color forecast | DarkGreen | Colour on the chart |
| Vert txt shift | 21 | How far away below the ask line we want to place our vertical news text |
| Vert left line shift | 900 | How far away to the left of the line we want to place our vertical news text |
| Vert right line shift | 200 | How far away to the left of the line we want to place our vertical news text |
| Vert line color | LightSlateGray | Color of our vertical news line |
| Vert txt color | DarkKhaki | Color of our vertical text color |
| Vert txt size | 8 | Color of our vertical text |
| News corner | 2 | Choose which corner to place headlines 0=Upper Left, 1=Upper Right, 2=lower left , 3=lower right |
| Save xml files | false | If true, this will keep the daily XML files |
| Time frame | Current time frame | Period or timeframe used by the calculation |
| Rsi period | 14 | Period or timeframe used by the calculation |
| Rsi price | PRICE_CLOSE | |
| Normalization period | 20 | Period or timeframe used by the calculation |
| Smooth period | 8 | Period or timeframe used by the calculation |
| Smooth phase | 0 | |
| Smooth double | false | |
| Level up | 0.8 | |
| Level down | -0.8 | |
| Alerts on | false | Turn this alert on or off |
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 · Alerts · Multi-Timeframe (MTF) · MT4 Indicator · MQL4 Source Code