Forex WPR Buy Sell Scalping Strategy
This Old Kings indicator for MetaTrader 4 is called Forex WPR Buy Sell Scalping Strategy. Judging by its name, it is built around short scalping trades. In the code it works with moving averages and an oscillator. It has 40 settings, for example Period Av (default 12), Flat (default 1) and Color Up (default Green). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 WPR Buy Sell Scalping Strategy
Forex WPR Buy Sell Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average and Oscillator. It has 40 settings, such as Period av, Flat and Color up. MQL source code included.
Files in the download: Color_MA.mq4, installation manual.txt, PivotsD_v5 (Black).mq4, tma true intraday template.tpl, TmaTrue with Distances (1).ex4, WPRfast.mq4, WPRslow.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Period av | 12 | Number of bars in the calculation |
| Flat | 1 | |
| Color up | Green | Colour on the chart |
| Color down | Red | Colour on the chart |
| Color flat | Silver | Colour on the chart |
| Width | 2 | |
| Indicator on | true | |
| Use for forex | true | |
| Use day formula | true | |
| Exit period choices | M1, M5, M15, M30, H1, H4, D1 | Number of bars in the calculation |
| Exit if period greater than | H1 | Number of bars in the calculation |
| _ | ||
| Part 1 | Day Candle & Session Box Settings: | |
| Show day candle | true | |
| Shift day candle right | 49 | Bar shift (0 = current bar) |
| Show today box | true | |
| Today box color | C'30,33,36' | Colour on the chart |
| Show yesterday box | true | |
| Yesterday box color | C'20,18,41' | Colour on the chart |
| __ | ||
| Part 2 | Pivot Line Start/Stop Settings: | |
| Note1 | Start with fullscreen lines, enter '1' | |
| Note2 | Start lines at Day Separator, enter '2' | |
| Note3 | Start lines at current candle, enter '3' | |
| Start lines | 2 | |
| Stop lines at current candle | false | |
| ___ | ||
| Part 3 | Pivot Line Color & Selection Settings: | |
| Central pivot color | Blue | Colour on the chart |
| Cp line style 01234 | 0 | |
| Cp solid line thickness | 1 | |
| Resistance pivots color | FireBrick | Colour on the chart |
| R line style 01234 | 0 | |
| R solid line thickness | 1 | |
| Support pivots color | Green | Colour on the chart |
| S line style 01234 | 0 | |
| S solid line thickness | 1 | |
| Show mid pivots | true | |
| Mid pivots color | C'108,108,0' | Colour on the chart |
| M p line style 01234 | 2 |
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 · Oscillator · MT4 Indicator · MQL4 Source Code