Stochastic RSI Trend Scalping Chart Template MT4 2
This Old Kings indicator for MetaTrader 4 is called Stochastic RSI Trend Scalping Chart Template MT4 2. Its name points to the RSI oscillator (overbought / oversold zones), the Stochastic oscillator and short scalping trades. In the code it works with moving averages and ATR. It draws arrows on the chart, can send alerts and is set up for gold. It has 40 settings, for example periods (default 1440), multiplier (default 1) and Comment Corner (default 3). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 9 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 Stochastic RSI Trend Scalping Chart Template MT4 2
Stochastic RSI Trend Scalping Chart Template MT4 2 is an indicator for MetaTrader 4 based on Moving Average and ATR. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and is set up for gold (XAUUSD). It has 40 settings, such as Periods, Multiplier and Comment corner. MQL source code included.
Files in the download: ATR in Pips.ex4, ATR in Pips.mq4, Display Spread nmc.ex4, Display Spread nmc.mq4, fadedbckgrnd2__1.ex4, fadedbckgrnd2__1.mq4, P4L Clock.ex4, P4L Clock.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Periods | 1440 | Number of bars in the calculation |
| Multiplier | 1 | How much the lot size grows after a loss |
| Comment corner | 3 | Comment written on the orders |
| X distance | 5 | Distance between orders |
| Y distance | 5 | Distance between orders |
| Label color | Gray | Colour on the chart |
| Text color | Gold | Colour on the chart |
| Text font | Arial Bold | |
| Text size | 30 | |
| Decimal points | 1 | |
| Display corner | 3 | |
| Horiz pos | 20 | |
| Vert pos | 5 | |
| Topcol | 000,000,000 | |
| Bottomcol | 000,000,255 | |
| Steps | 20 | Distance between orders |
| A7 | Force Refresh of data | |
| Force refresh | FALSE | |
| Extend to end | true | |
| Version v2 12 2014 mar 19 | Donations welcome! PayPal pips4life@yaho | DEV code version |
| Indicator on | true | Easy method to disable without removing indicator. |
| Info set your computer clock | Accuracy depends on YOUR CPU CLOCK!! | |
| Info verify times with url | www.worldtimezone.net/index24.php | |
| Info re label corner | 0=Top-left, 1=TR, 2=BL, 3=BR | |
| Label corner | 1 | 0=top-left; 1=top-right; 2=bottom-left; 3=bottom-right |
| Draw in window number | 0 | 0=main chart window. >=1 are sub-windows BUT they must already exist (e.g. add RSI to create a sub-w |
| Reverse label order | false | false = Normal top-to-bottom order: Bar,Broker, then NZ to Asia to Europe to US |
| Horiz clock offset pixels | 5 | 5 pixels from left (or right) to show the 1st clock |
| Horiz timezone offset pixels | 42 | 42 pixels from left (or right) to show the 1st timezone |
| Timezone color | Green | Green. Color of label, off-hours. Alt: Blk: LimeGreen Wht: SlateGray or C'103,118,133' |
| Clock color | SteelBlue | SteelBlue. Color of clock, off-hours Blk: CornflowerBlue Wht: Blue |
| Label mkt open color | Red | Red. Color of label, market-open Blk: Red Wht: MidnightBlue |
| Clock mkt open color | OrangeRed | OrangeRed. Color of clock, market-open Blk: DarkOrange Wht: Crimson |
| Higher price volume color | SteelBlue | Colour on the chart |
| Lower price volume color | Red | Colour on the chart |
| Low spread arrow color | HotPink | Maximum spread allowed to trade |
| Low spread arrow code | 119 | 119 = tiny diamond |
| Font name | Arial | "Arial" Wht-or-Blk: "Arial Bold" or "Arial" are good choices. |
| Timezone font size | 10 | 10 Wht-or-Blk: 10, or Blk: 9 |
| Clock font size | 9 | 9 |
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 · RSI · Stochastic · Trend · Buy/Sell Arrows · Alerts · Gold (XAUUSD) · Moving Average · MT4 Indicator · MQL4 Source Code