Forex Wick Buy Sell Scalping Strategy
From the Old Kings archive: Forex Wick Buy Sell Scalping Strategy, an indicator for MetaTrader 4. As the name suggests, the idea behind it is short scalping trades. In the code it works with ATR. It has 4 settings, for example Show Atr (default false), Atr Period (default 14) and k Atr (default 0.62). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 2 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 Wick Buy Sell Scalping Strategy
Forex Wick Buy Sell Scalping Strategy is an indicator for MetaTrader 4 based on ATR. It has 4 settings, such as Show atr, Atr period and K atr. MQL source code included.
Files in the download: installation manual.txt, wick 5min.tpl, Wick-O-Gram.mq4, wick0.3.mq4, wickatr h1.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Show atr | false | |
| Atr period | 14 | Period or timeframe used by the calculation |
| K atr | 0.62 | |
| Show net wick | 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 · Buy/Sell Arrows · ATR · MT4 Indicator · MQL4 Source Code