Forex Volatility Quality Scalping Strategy
From the Old Kings archive: Forex Volatility Quality Scalping Strategy, an indicator for MetaTrader 4. Judging by its name, it is built around market volatility and short scalping trades. In the code it works with moving averages. It draws arrows on the chart. It has 21 settings, for example Show Comment (default true), Show Price Box (default true) and my Period (default 0). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 6 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 Volatility Quality Scalping Strategy
Forex Volatility Quality Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart. It has 21 settings, such as Show comment, Show price box and My period. MQL source code included.
Files in the download: 4h chart.tpl, Auto-Pivot Plotter V1-42.ex4, installation manual.txt, SD Pricebar.ex4, TRO_Tunnel.ex4, TRO_Tunnel.mq4, Ultimate alerts & arrows.ex4, Ultimate bars.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Show comment | true | Comment written on the orders |
| Show price box | true | |
| My period | 0 | Period or timeframe used by the calculation |
| Notetype | 0=SMA,1=EMA,2=SMMA,3=LWMA | |
| Noteprice | 0=CLOSE,1=OPEN,2=HIGH,3=LOW,4=MEDIAN,5=P | |
| My ma period1 | 20 | Number of bars in the calculation |
| Ma type1 | 0 | |
| Ma price1 | PRICE_CLOSE | |
| Color1 | Red | Colour on the chart |
| My ma period2 | 50 | Number of bars in the calculation |
| Ma type2 | 0 | |
| Ma price2 | PRICE_CLOSE | |
| Color2 | Orange | Colour on the chart |
| My ma period3 | 200 | Number of bars in the calculation |
| Ma type3 | 0 | |
| Ma price3 | PRICE_CLOSE | |
| Color3 | Green | Colour on the chart |
| My shift | 0 | Bar shift (0 = current bar) |
| My thickness | 1 | |
| My box width | 3 | |
| My style | 0 |
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 · Moving Average · MT4 Indicator · MQL4 Source Code