Forex Slow TMA Line Scalping Strategy
Forex Slow TMA Line Scalping Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is short scalping trades. Its source code uses the Stochastic oscillator, moving averages and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 25 settings, for example Show Clock (default false), Clock Color (default Red) and EMA period (default 8). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 23 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 Slow TMA Line Scalping Strategy
Forex Slow TMA Line Scalping Strategy is an indicator for MetaTrader 4 based on Stochastic, Moving Average and ATR. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 25 settings, such as Show clock, Clock color and Ema period. MQL source code included.
Files in the download: #MTF Stochastic v2.0.ex4, #MTF Stochastic v2.0.mq4, Cynthia's_Signal_Entry_Stop.ex4, DSS Bressert.ex4, DSS Bressert.mq4, ExtremeTMAInfo.ex4, ExtremeTMALine.ex4, FastTMALine.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Show clock | false | display time to candle close countdown |
| Clock color | Red | Colour on the chart |
| Ema period | 8 | Period or timeframe used by the calculation |
| Stochastic period | 13 | Period or timeframe used by the calculation |
| Time frame | Current | Period or timeframe used by the calculation |
| Tma period | 56 | Period or timeframe used by the calculation |
| Price | PRICE_CLOSE | |
| Atr multiplier | 2.0 | How much the lot size grows after a loss |
| Atr period | 100 | Period or timeframe used by the calculation |
| Trend threshold | 0.5 | |
| Show center line | false | |
| Alerts on | false | Turn this alert on or off |
| Alerts message | false | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Move endpoint every tick | false | |
| Max bars back | 5000 | |
| Color1 | Red | Shadow of bear candlestick |
| Color2 | White | Shadow of bull candlestick |
| Color3 | Red | Bear candlestick body |
| Color4 | White | Bull candlestick body |
| Wave period | 10 | Period or timeframe used by the calculation |
| Avg period | 21 | Period or timeframe used by the calculation |
| Sound alert | FALSE | Turn this alert on or off |
| Email alert | 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 · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · Stochastic · Moving Average · ATR · MT4 Indicator · MQL4 Source Code