Forex Stochastic RSI Swing Trading Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Stochastic RSI Swing Trading Strategy. As the name suggests, the idea behind it is the RSI oscillator (overbought / oversold zones) and the Stochastic oscillator. In the code it works with moving averages. It draws arrows on the chart and can send alerts. It has 1 setting, for example Alerts (default TRUE). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 2 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 Stochastic RSI Swing Trading Strategy
Forex Stochastic RSI Swing Trading Strategy is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 1 setting, such as Alerts. MQL source code included.
Files in the download: 817-FDMEntryArrowswithAlerts.mq4, Fibonacci.ex4, installation manual.txt, Stochastic and RSI Forex Trading System.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Alerts | TRUE | 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: RSI · Stochastic · Buy/Sell Arrows · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code