Forex T3 Wave Snake Scalping Strategy
This Old Kings indicator for MetaTrader 4 is called Forex T3 Wave Snake Scalping Strategy. Judging by its name, it is built around wave counting in the Elliott style and short scalping trades. In the code it works with moving averages and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 34 settings, for example Color1 (default Red), Color2 (default White) and Color3 (default Red). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 9 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 T3 Wave Snake Scalping Strategy
Forex T3 Wave Snake Scalping Strategy is an indicator for MetaTrader 4 based on 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 34 settings, such as Color1, Color2 and Color3. MQL source code included.
Files in the download: Heiken Ashi.ex4, Heiken Ashi.mq4, Heiken_Ashi_Smoothed.ex4, Heiken_Ashi_Smoothed.mq4, installation manual.txt, Snake.mq4, T3 and the Wave Conservative.tpl, T3 and the wave.tpl ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Color1 | Red | Shadow of bear candlestick |
| Color2 | White | Shadow of bull candlestick |
| Color3 | Red | Bear candlestick body |
| Color4 | White | Bull candlestick body |
| Ma metod | 2 | |
| Ma period | 6 | Period or timeframe used by the calculation |
| Ma metod2 | 3 | |
| Ma period2 | 2 | Number of bars in the calculation |
| Snake half cycle | 7 | Snake_HalfCycle = 4...10 or other |
| T3 period | 21 | Period or timeframe used by the calculation |
| T3 price | PRICE_CLOSE | |
| B | 0.518 | |
| Time frame | current time frame | Period or timeframe used by the calculation |
| Indi lines | true | |
| Real | true | |
| Arr otstup | 0 | |
| Arr width | 2 | |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Alerts notification | false | Turn this alert on or off |
| Signal bar | 0 | |
| Half length | 20 | |
| 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 |
| Interpolate | true | |
| Alerts on | false | Turn this alert on or off |
| Alerts on current | false | Turn this alert on or off |
| Alerts on high low | 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 |
| Wave period | 34 | Period or timeframe used by the calculation |
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) · Moving Average · ATR · MT4 Indicator · MQL4 Source Code