Scalper MA
From the Old Kings archive: Scalper MA, an indicator for MetaTrader 4. As the name suggests, the idea behind it is moving averages and short scalping trades. In the code it works with moving averages. It draws arrows on the chart and can send alerts. It has 7 settings, for example Ma Metod (default 3), Ma Period (default 80) and Signal (default TRUE). 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 Scalper MA
Scalper MA is an indicator for MetaTrader 4 based on 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 7 settings, such as Ma metod, Ma period and Signal. MQL source code included.
Files in the download: Scalper_MA.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma metod | 3 | |
| Ma period | 80 | Period or timeframe used by the calculation |
| Signal | TRUE | |
| TRUE | ||
| Step | 5 | Distance between orders |
| Bars color up | Red | Colour on the chart |
| Bars color down | MediumBlue | Colour on the chart |
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 · Buy/Sell Arrows · Alerts · MT4 Indicator · MQL4 Source Code