FPW Instant Trend Line Filter Scalping
This Old Kings indicator for MetaTrader 4 is called FPW Instant Trend Line Filter Scalping. As the name suggests, the idea behind it is automatic trendlines, short scalping trades and following the trend. It draws arrows on the chart and can send alerts. It has 7 settings, for example SSP (default 7), Kmax (default 50.6) and Count Bars (default 300). 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 FPW Instant Trend Line Filter Scalping
FPW Instant Trend Line Filter Scalping is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 7 settings, such as SSP, Kmax and Count bars. MQL source code included.
Files in the download: FPW-Instant Trend line Filter Scalping\Instant Trend line Filter Scalping Strate, FPW-Instant Trend line Filter Scalping\Instant Trend line Filter Scalping Strate, FPW-Instant Trend line Filter Scalping\Instant Trend line Filter Scalping Strate, FPW-Instant Trend line Filter Scalping\Instant Trend line Filter Scalping Strate, FPW-Instant Trend line Filter Scalping\Instant Trend line Filter Scalping Strate.
Settings
| Setting | Default | What it does |
|---|---|---|
| SSP | 7 | |
| Kmax | 50.6 | |
| Count bars | 300 | |
| All bars | 0 | . 0 - . |
| Otstup | 30 | . |
| Per | 9 | . |
| Use alert | true | Turn this alert on or off |
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 · Trend · Buy/Sell Arrows · Alerts · MT4 Indicator · MQL4 Source Code