Forex Zig Zag QQE HMA Scalping Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Zig Zag QQE HMA Scalping Strategy. Its name points to the ZigZag swing tracer, the Hull moving average and short scalping trades. In the code it works with RSI and moving averages. It draws arrows on the chart and can send alerts. It has 39 settings, for example note1 (default Hull Moving Average Peri), HMA Period (default 30) and MA Shift (default 0). 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 Zig Zag QQE HMA Scalping Strategy
Forex Zig Zag QQE HMA Scalping Strategy is an indicator for MetaTrader 4 based on RSI and Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 39 settings, such as Note1, Hma period and Ma shift. MQL source code included.
Files in the download: HAMA~.ex4, HMA4.mq4, installation manual.txt, QQE.mq4, scalper.tpl, StepMa@Fx.mq4, zigzag arrow.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Note1 | Hull Moving Average Period | |
| Hma period | 30 | Period or timeframe used by the calculation |
| Ma shift | 0 | Bar shift (0 = current bar) |
| Note2 | 0=Simple,1=Exponential | |
| Note3 | 2=Smooth,3=Linear Weighted | |
| Ma method | 3 | |
| Note4 | 0=High/Low,1=Close/Close | |
| Ma price | 0 | |
| Note5 | ---------------------------------------- | |
| Note6 | Filter # default = 2.0 | |
| Filter number | 2.0 | |
| Note7 | Draw Dots = true | |
| Note8 | Draw Lines = false | |
| Draw dots | true | |
| Note9 | ---------------------------------------- | |
| A take profit | 48 | Take profit distance |
| A stop loss | 38 | Stop loss distance |
| Note10 | ---------------------------------------- | |
| Note11 | turn on HMA Pop-up Alert = true | |
| Note12 | turn off = false | |
| A alerts | false | Turn this alert on or off |
| Note13 | ---------------------------------------- | |
| Note14 | send HMA Email Alert = true | |
| Note15 | turn off = false | |
| Email on | false | Turn this alert on or off |
| SF | 5 | |
| Length | 10 | Volty Length |
| Kv | 0.5 | Sensivity Factor |
| Step size | 55 | Constant Step Size (if need) |
| Ma mode | 0 | Volty MA Mode : 0-SMA, 1-LWMA |
| Advance | 0 | Offset |
| Percentage | 0 | Percentage of Up/Down Moving |
| Up down shift | 0 | Number of Up/Down Moving, in points. For ColorMode==3 only. |
| High low | false | High/Low Mode Switch (more sensitive) |
| Color mode | 2 | Color Mode Switch |
| Bars number | 0 | |
| Depth | 12 | |
| Deviation | 5 | |
| Backstep | 3 | Distance between orders |
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 · Moving Average · ZigZag · Buy/Sell Arrows · Alerts · RSI · MT4 Indicator · MQL4 Source Code