Trend Scalp (Mtf + Arrows + Alerts) 3
This Old Kings indicator for MetaTrader 4 is called Trend Scalp (Mtf + Arrows + Alerts) 3. As the name suggests, the idea behind it is short scalping trades, following the trend and alerts. In the code it works with ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 26 settings, for example Time Frame (default PERIOD_CURRENT), TTFbars (default 15) and top Line (default 100). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Trend Scalp (Mtf + Arrows + Alerts) 3
Trend Scalp (Mtf + Arrows + Alerts) 3 is an indicator for MetaTrader 4 based on 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 26 settings, such as Time frame, Tt fbars and Top line. MQL source code included.
Files in the download: Trend scalp (mtf + arrows + alerts).mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | PERIOD_CURRENT | Time frame |
| Tt fbars | 15 | Trend trigger factor bars |
| Top line | 100 | Upper level |
| Btm line | -100 | Lower level |
| T3 period | 3 | T3 smoothing period |
| T3 hot | 0.7 | T3 Hot |
| T3 original | false | T3 original Tim Tillson calculation |
| Show top btm levels | true | Show top and bottom levels true/false? |
| Show signals | true | Show colored signals true/false? |
| Alerts on | true | Alerts on true/false? |
| Alerts on current | false | Alerts on current open bar true/false? |
| Alerts message | true | Alerts pop-up message true/false? |
| Alerts sound | false | Alerts sound true/false? |
| Alerts email | false | Alerts email true/false? |
| Alerts notify | false | Alerts push notification true/false? |
| Arrows visible | false | Show arrows true/false? |
| Arrows on newest | true | Arrows newest higher time frame bar true/false? |
| Arrows upper gap | 0.5 | Upper arrow gap |
| Arrows lower gap | 0.5 | Lower arrow gap |
| Arrows identifier | TS Arrows1 | Arrows ID |
| Arrows on zero cross | false | Arrows on zero cross true/false? |
| Arrows on levels break | true | Arrows on levels break true/false? |
| Arrows on levels retrace | false | Arrows on levels retrace true/false? |
| Arrows up color | clrDeepSkyBlue | Arrows up color |
| Arrows dn color | clrRed | Arrows down color |
| Interpolate | true | Interpolate in multi time frame true/false? |
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 · Multi-Timeframe (MTF) · Buy/Sell Arrows · Alerts · Trend · ATR · MT4 Indicator · MQL4 Source Code