Scalp Bar2
Scalp Bar2 is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around short scalping trades. Its source code uses RSI, the Stochastic oscillator and CCI. It draws arrows on the chart and can send alerts. It has 2 settings, for example Count Bars (default 2000) and Exponenta (default 1). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Scalp Bar2
Scalp Bar2 is an indicator for MetaTrader 4 based on RSI, Stochastic and CCI. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 2 settings, such as Count bars and Exponenta. MQL source code included.
Files in the download: ScalpBar2.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Count bars | 2000 | Число баров на которых будет отображен сигнал |
| Exponenta | 1 | How much the lot size grows after a loss |
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 · Alerts · RSI · Stochastic · CCI · MT4 Indicator · MQL4 Source Code