Forex Smart Money Index Scalping Strategy
Forex Smart Money Index Scalping Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to smart-money concepts (market structure, order blocks) and short scalping trades. Its source code uses RSI, moving averages and ATR. It draws arrows on the chart and can send alerts. It has 17 settings, for example Band Period (default 60), Band1 (default 4) and Band2 (default 4). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 8 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 Smart Money Index Scalping Strategy
Forex Smart Money Index Scalping Strategy is an indicator for MetaTrader 4 based on RSI, Moving Average and ATR. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 17 settings, such as Band period, Band1 and Band2. MQL source code included.
Files in the download: Bounce CCI.ex4, DynamicBullBearBand.mq4, GannS&R.mq4, installation manual.txt, MW_Trend_MACD.mq4, SmartMoneyIndex.mq4, SmartMoneyIndextrading.tpl, SwingTraderMomExh.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Band period | 60 | Period or timeframe used by the calculation |
| Band1 | 4 | |
| Band2 | 4 | |
| Band3 | 4 | |
| Drow days | 10 | |
| Show text | false | |
| Order | 0.001 | |
| Bb period | 1000 | Period or timeframe used by the calculation |
| Rsiperiod | 25 | Period or timeframe used by the calculation |
| Ma period | 1000 | Period or timeframe used by the calculation |
| Ma type | MODE_TEMA | |
| Ma applied | PRICE_CLOSE | |
| T3 ma volume factor | 0.8 | |
| Jma phase | 0 | |
| Step period | 1 | Distance between orders |
| Alert on | false | Turn this alert on or off |
| Debug mode | false |
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 · Smart Money (SMC / ICT) · Buy/Sell Arrows · Alerts · RSI · Moving Average · ATR · MT4 Indicator · MQL4 Source Code