Forex Stochastic WMA Scalping Strategy
Forex Stochastic WMA Scalping Strategy is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is the Stochastic oscillator and 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 10 settings, for example Alert On (default true), Show Clock (default false) and Clock Color (default Red). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 4 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 WMA Scalping Strategy
Forex Stochastic WMA 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 10 settings, such as Alert on, Show clock and Clock color. MQL source code included.
Files in the download: goldminer2.ex4, installation manual.txt, MTF Stochastic v2.0 Alert.mq4, Signal to Noise.mq4, stochwma.tpl, WMA crosspver signal.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Alert on | true | Turn this alert on or off |
| Show clock | false | display time to candle close countdown |
| Clock color | Red | Colour on the chart |
| Viscosity | 13 | |
| Sedimentation | 50 | |
| Threshold level | 1.3 | |
| Lag supressor | true | |
| Faster wma | 5 | |
| Slower wma | 8 | |
| Sound on | 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 · Stochastic · Moving Average · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · ATR · MT4 Indicator · MQL4 Source Code