Goldmine II Scalping 2
From the Old Kings archive: Goldmine II Scalping 2, an indicator for MetaTrader 4. As the name suggests, the idea behind it is short scalping trades. In the code it works with RSI and moving averages. It draws arrows on the chart. It has 14 settings, for example SSP (default 7), Kmax (default 50.6) and Count Bars (default 300). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 3 indicator files with source code (.mq4) you can open and edit in MetaEditor and a PDF guide. 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 Goldmine II Scalping 2
Goldmine II Scalping 2 is an indicator for MetaTrader 4 based on RSI and Moving Average. It draws buy and sell arrows on the chart. It has 14 settings, such as SSP, Kmax and Count bars. MQL source code included.
Files in the download: Goldminer Scalping II.pdf, Goldminer II Scalping\goldminer 2.tpl, Goldminer II Scalping\goldminer2~.mq4, Goldminer II Scalping\nonlagdot.mq4, Goldminer II Scalping\rsi chart bars.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| SSP | 7 | |
| Kmax | 50.6 | |
| Count bars | 300 | |
| Price | 0 | |
| Length | 20 | |
| Displace | 0 | |
| Filter | 0 | |
| Color | 1 | Colour on the chart |
| Color bar back | 0 | Colour on the chart |
| Deviation | 0 | |
| Rsi period | 21 | Period or timeframe used by the calculation |
| Rsi price | 0 | |
| Overbought | 50 | |
| Oversold | 50 |
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 · RSI · Moving Average · MT4 Indicator · MQL4 Source Code