Tornado Scalping (Indicator MT4) 2
This Old Kings indicator for MetaTrader 4 is called Tornado Scalping (Indicator MT4) 2. As the name suggests, the idea behind it is short scalping trades. In the code it works with moving averages and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 40 settings, for example Time Frame (default PERIOD_CURRENT), For Symbol and LRPrd (default 20). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 10 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 Tornado Scalping (Indicator MT4) 2
Tornado Scalping (Indicator 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 can show data from another timeframe (MTF). It has 40 settings, such as Time frame, For symbol and Lr prd. MQL source code included.
Files in the download: How to Install Indicators and EAs in MetaTrader 4 (A_Step_By_Step_Guide) .pdf, Read Me .pdf, Tornado Scalping (instructions) .pdf, BB Macd.ex4, bbsqueeze alerts (mtf & multi symbol).ex4, bbsqueeze alerts (mtf & multi symbol).mq4, FXprime_V2 Final-JE.ex4, MA in Color_wAppliedPrice.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | PERIOD_CURRENT | Time frame |
| For symbol | Symbol to use (leave empty for current symbol) | |
| Lr prd | 20 | Linear regression Period |
| Bol prd | 20 | Bollinger Bands Period |
| Bol ma mode | MODE_SMA | Bollinger Average method |
| Bol dev | 2.0 | Bollinger Bands Deviation |
| Bol dev type | st_std | Deviation calculation type |
| Kelt prd | 20 | Keltner Period |
| Kelt factor | 1.5 | Keltner Spacing between bands |
| Applied price | PRICE_CLOSE | Price to use |
| Alerts on | true | Turn alerts on? |
| Alerts on current | false | Alerts on current (still opened) bar? |
| Alerts on histo | true | Alerts on Histo color change |
| Alerts on squeeze | true | Alerts on squeeze |
| Alerts message | true | Alerts showing a pop-up message? |
| Alerts push notif | false | Alerts sending a push notification? |
| Alerts sound | false | Alerts playing sound? |
| Alerts email | false | Alerts sending email? |
| Sound file | alert2.wav | Alerts Sound File to use |
| Interpolate | true | Interpolate in multi time frame mode? |
| Ma period | 12 | Period or timeframe used by the calculation |
| Ma type | 3 | |
| Ma applied price | 6 | 0=close, 1=open, 2=high, 3=low, 4=median(high+low)/2, 5=typical(high+low+close)/3, 6=weighted(high+l |
| Indicator on | TRUE | |
| Use for forex | TRUE | |
| Use day formula | TRUE | |
| Exit period choices | M1, M5, M15, M30, H1, H4, D1 | Number of bars in the calculation |
| Exit if period greater than | H1 | Number of bars in the calculation |
| _ | ||
| Part 1 | Day Candle & Session Box Settings: | |
| Show day candle | TRUE | |
| Shift day candle right | 49 | Bar shift (0 = current bar) |
| Show today box | TRUE | |
| Today box color | C'0x1E,0x21,0x24' | Colour on the chart |
| Show yesterday box | TRUE | |
| Yesterday box color | C'0x14,0x12,0x29' | Colour on the chart |
| __ | ||
| Part 2 | Pivot Line Start/Stop Settings: | |
| Note1 | Start with fullscreen lines, enter \'1\' | |
| Note2 | Start lines at Day Separator, enter \'2\ |
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 · Multi-Timeframe (MTF) · Moving Average · ATR · MT4 Indicator · MQL4 Source Code