Forex Volameter Trend Scalping Strategy
Forex Volameter Trend Scalping Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to short scalping trades and following the trend. Its source code uses moving averages, Bollinger Bands and ATR. It shows an on-chart panel. It has 32 settings, for example Vis atr (default 5), Vis std (default 8) and Sed atr (default 40). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 5 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 Volameter Trend Scalping Strategy
Forex Volameter Trend Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average, Bollinger Bands and ATR. It shows several symbols in one panel. It has 32 settings, such as Vis atr, Vis std and Sed atr. MQL source code included.
Files in the download: damiani volameter scalping with i-trend.tpl, Damiani_Volt.mq4, installation manual.txt, i_Trend.mq4, PivotAuto.mq4, Spread_Hi_Lo_v1a.mq4, WorkTime.ex4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Vis atr | 5 | |
| Vis std | 8 | |
| Sed atr | 40 | |
| Sed std | 100 | |
| Threshold level | 1.4 | |
| Lag supressor | TRUE | |
| Bands mode 0 2 | 0 | =0-2 MODE_MAIN, MODE_LOW, MODE_HIGH |
| Power price 0 6 | 0 | =0-6 PRICE_CLOSE,PRICE_OPEN,PRICE_HIGH,PRICE_LOW,PRICE_MEDIAN,PRICE_TYPICAL,PRICE_WEIGHTED |
| Price type 0 3 | 0 | =0-3 PRICE_CLOSE,PRICE_OPEN,PRICE_HIGH,PRICE_LOW |
| Bands period | 20 | Period or timeframe used by the calculation |
| Bands deviation | 2 | |
| Power period | 13 | Period or timeframe used by the calculation |
| Count bars | 20000 | |
| Created by | Quantum Investment Services, LLC | |
| Shift y | -20 | Bar shift (0 = current bar) |
| Shift x | 0 | default = 8 |
| Window | 0 | |
| Colors price | Colors for Price | Colour on the chart |
| Price color up | DodgerBlue | Colour on the chart |
| Price color dn | Brown | Colour on the chart |
| Price color dn1 | Gold | Colour on the chart |
| Price color nt | Silver | Colour on the chart |
| Price color hi | Silver | Colour on the chart |
| Price color lo | Silver | Colour on the chart |
| Colors data | Colors for Data | Colour on the chart |
| Highest color | DodgerBlue | Colour on the chart |
| Lowest color | Brown | Colour on the chart |
| Warna d1 | Gainsboro | |
| Warna av | Gainsboro | |
| Symbol color | Gainsboro | Colour on the chart |
| Line color | DimGray | Colour on the chart |
| Show symbol | true |
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 · Trend · Dashboards & Scanners · Moving Average · Bollinger Bands · ATR · MT4 Indicator · MQL4 Source Code