Forex Scalping Indicator.mq4
From the Old Kings archive: Forex Scalping Indicator.mq4, an indicator for MetaTrader 4. As the name suggests, the idea behind it is short scalping trades. In the code it works with moving averages. It can read another timeframe. It has 10 settings, for example RSI1 Period (default 5), MA1 Period (default 3) and RSI2 Period (default 14). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 1 indicator file 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 Scalping Indicator.mq4
Forex Scalping Indicator.mq4 is an indicator for MetaTrader 4 based on Moving Average. It can show data from another timeframe (MTF). It has 10 settings, such as Rsi1 period, Ma1 period and Rsi2 period. MQL source code included.
Files in the download: Forex scalping indicator.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Rsi1 period | 5 | Period or timeframe used by the calculation |
| Ma1 period | 3 | Period or timeframe used by the calculation |
| Rsi2 period | 14 | Period or timeframe used by the calculation |
| Ma2 period | 150 | Period or timeframe used by the calculation |
| Ma1 mode | MODE_EMA | |
| Ma2 mode | MODE_EMA | |
| Ma1 price | PRICE_CLOSE | |
| Ma2 price | PRICE_OPEN | |
| Time frame | 0 | Period or timeframe used by the calculation |
| Max bars to count | 25000 |
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