Forex Trend RSI Intraday Scalping Strategy
From the Old Kings archive: Forex Trend RSI Intraday Scalping Strategy, an indicator for MetaTrader 4. As the name suggests, the idea behind it is the RSI oscillator (overbought / oversold zones), short scalping trades and following the trend. In the code it works with moving averages. It has 40 settings, for example Hrs Server Tz From GMT (default 3), Hrs Choice TZfrom GMT (default 1) and Show 1Daily 2Fibonacci Pivots (default 1). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 8 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 Trend RSI Intraday Scalping Strategy
Forex Trend RSI Intraday Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average. It has 40 settings, such as Hrs server tz from gmt, Hrs choice t zfrom gmt and Show 1 daily 2 fibonacci pivots. MQL source code included.
Files in the download: installation manual.txt, InstantFX.ex4, MW_Trend_MACD.ex4, MW_Trend_MACD.mq4, SDX-TzPivots_v5.ex4, SDX-TzPivots_v5.mq4, Trend RSI Scalping with instant fx.tpl, trend RSI Scalping.tpl ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Hrs server tz from gmt | 3 | Data collection Tz of your server |
| Hrs choice t zfrom gmt | 1 | New destination Tz governing data |
| Show 1 daily 2 fibonacci pivots | 1 | |
| Pivot lines placement | Start with fullscreen lines, enter '1' | |
| __ | Start lines at Day Separator, enter '2' | |
| ___ | Start lines at current candle, enter '3' | |
| Enter line placement number | 2 | |
| Label items | ||
| Margin labels for fullscreen | false | |
| Include price in line labels | true | |
| Slide labels lr decr incr | 0 | -# to move left, +# to move right |
| Zoom adjust 3 6 15 30 50 | 10 | for 8,9 fontsize: 2, 5, 10, 20, 40 |
| Fix labels near right boundary | true | |
| Move y high y low labels left | -1 | |
| Move open label left | 0 | |
| Move camarilla labels left | 0 | |
| Labels color | Gray | Colour on the chart |
| Labels font size | 8 | |
| Labels style norm bold black 123 | 2 | |
| Pivot lines parameters | ||
| R color | Maroon | Colour on the chart |
| R line style 01234 | 2 | |
| R solid line thickness | 1 | |
| Central pivot color | C'3,78,209' | RoyalBlue |
| Central pivot line style 01234 | 0 | |
| Central pivot solid line thickness | 1 | |
| S color | DarkGreen | C'43,170,43'; |
| S line style 01234 | 2 | |
| S solid line thickness | 1 | |
| Mid pivots color | C'85,85,0' | C'53,53,53'; //C'85,85,0'; |
| Mid pivots line style 01234 | 2 | |
| Mid pivots line thickness | 1 | |
| Show mid pivots | true | |
| Qtr pivots color | DarkSlateBlue | C'128,0,255' |
| Qtr pivots line style 01234 | 2 | |
| Qtr pivots line thickness | 1 | |
| Show qtr pivots | true | |
| Yesterday high low color | C'1,149,175' | Colour on the chart |
| High low line style 01234 | 0 | |
| High low solid line thickness | 1 |
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 · RSI · Trend · Moving Average · MT4 Indicator · MQL4 Source Code