Forex SNR Bands Scalping Strategy
Forex SNR Bands Scalping Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to support / resistance levels and short scalping trades. Its source code uses moving averages. It draws arrows on the chart. It has 3 settings, for example Bands Period (default 20), Bands Shift (default 0) and Bands Deviations (default 2.0). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 7 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 SNR Bands Scalping Strategy
Forex SNR Bands Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart. It has 3 settings, such as Bands period, Bands shift and Bands deviations. MQL source code included.
Files in the download: b-clock modified.ex4, Bands modified.ex4, Bands modified.mq4, FiboPiv_v3.ex4, Greatsignal Support & Resistance-FX.ex4, Greatsignal Support & Resistance-FX.mq4, installation manual.txt, ShowAcctInfo.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Bands period | 20 | Period or timeframe used by the calculation |
| Bands shift | 0 | Bar shift (0 = current bar) |
| Bands deviations | 2.0 |
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 · Support & Resistance · Buy/Sell Arrows · Moving Average · MT4 Indicator · MQL4 Source Code