Forex THV Cobra Scalping Strategy
From the Old Kings archive: Forex THV Cobra Scalping Strategy, an indicator for MetaTrader 4. Its name points to short scalping trades. In the code it works with the Stochastic oscillator, ATR and ZigZag. It draws arrows on the chart. It has 37 settings, for example color1 (default Red), color2 (default White) and color3 (default Red). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 18 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 THV Cobra Scalping Strategy
Forex THV Cobra Scalping Strategy is an indicator for MetaTrader 4 based on Stochastic, ATR and ZigZag. It draws buy and sell arrows on the chart. It has 37 settings, such as Color1, Color2 and Color3. MQL source code included.
Files in the download: DXTrade Info v9.ex4, Gartley.mq4, Heiken Ashi.mq4, iMAX.ex4, installation manual.txt, TG-Sinc-Spectrum-Cycle.mq4, THV Cobra with TudorGirl's Sinc Spectrum Cycle .tpl, THV MTF Trixhisto BarV5.0.3.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Color1 | Red | Colour on the chart |
| Color2 | White | Colour on the chart |
| Color3 | Red | Colour on the chart |
| Color4 | White | Colour on the chart |
| X | Tudor Girl SINC SPECTRUM CYCLE ANALYSER | |
| X0 | -------------- History (H) ------------- | |
| H | 5 | |
| X1 | --------------- Bias (B) --------------- | |
| B | 50.0 | |
| X2 | ------------ Signal Cleaner ------------ | |
| Clean | FALSE | |
| X3 | ---------- DIGITAL SINC FILTER --------- | |
| X4 | --------- Constraint Length (L) -------- | |
| L | 5 | |
| X5 | ------------- Parameter (K) ------------ | |
| K | 2.0 | |
| My upper | 0 | |
| My lower | 0 | |
| My window | 0.77 | |
| My bars | 21 | |
| My shift | 1 | Bar shift (0 = current bar) |
| My chart y | 200 | |
| Horizontal | true | |
| My pct hi | 66 | |
| My pct lo | 34 | |
| My pct hi color | Red | Colour on the chart |
| My pct mid color | DimGray | Colour on the chart |
| My pct lo color | Blue | Colour on the chart |
| My proj color | Magenta | Colour on the chart |
| My high mark | 225 | 218 = dn arrowhead, 242 = dn arrow, 226, 233 dn arrow solid, 201, 202 dn arrow twist |
| My low mark | 225 | 217 = up arrowhead, 241 = up arrow, 225, 233 up arrow solid, 199, 200 up arrow twist |
| My back mark | 225 | |
| Color heading | DimGray | Colour on the chart |
| Color upper | Red | Colour on the chart |
| Color short | Crimson | Colour on the chart |
| Color long | Green | Colour on the chart |
| Color lower | Blue | Colour on the chart |
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 · Stochastic · ATR · ZigZag · MT4 Indicator · MQL4 Source Code