Forex TFX Reversal Swing Trading Strategy
Forex TFX Reversal Swing Trading Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around reversals against the current move. Its source code uses RSI. It can send alerts. It has 8 settings, for example RSI Period (default 13), RSI Price (default 0) and Volatility Band (default 34). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 TFX Reversal Swing Trading Strategy
Forex TFX Reversal Swing Trading Strategy is an indicator for MetaTrader 4 based on RSI. It can alert you with a pop-up, sound, email or push message. It has 8 settings, such as Rsi period, Rsi price and Volatility band. MQL source code included.
Files in the download: HeikenAshi_DM.mq4, installation manual.txt, TFX Reversal.ex4, tfx reversal.tpl, Traders Dynamic Index Alert.mq4, Traders Dynamic Index.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Rsi period | 13 | 8-25 |
| Rsi price | 0 | 0-6 |
| Volatility band | 34 | 20-40 |
| Rsi price line | 2 | |
| Rsi price type | 0 | 0-3 |
| Trade signal line | 7 | |
| Trade signal type | 0 | 0-3 |
| Rsi signal level | 50 |
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: Alerts · RSI · MT4 Indicator · MQL4 Source Code