Forex Williams Scalping Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Williams Scalping Strategy. Its name points to short scalping trades. In the code it works with an oscillator. It draws arrows on the chart. It has 5 settings, for example wperiod (default 2000), short level (default -60) and long level (default -40). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 1 indicator file 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 Williams Scalping Strategy
Forex Williams Scalping Strategy is an indicator for MetaTrader 4 based on Oscillator. It draws buy and sell arrows on the chart. It has 5 settings, such as Wperiod, Short level and Long level. MQL source code included.
Files in the download: installation manual.txt, WilliamsTrade.mq4, williamstrademodified.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Wperiod | 2000 | williams percent |
| Short level | -60 | williams level to go short from |
| Long level | -40 | williams level to go long from |
| Ma period | 21 | williams averaging curve |
| Valid bars back | 30 | Bars to look back as needed to be below or aabove trigger point |
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 · Oscillator · MT4 Indicator · MQL4 Source Code