Volume Scalper
This Old Kings indicator for MetaTrader 4 is called Volume Scalper. As the name suggests, the idea behind it is volume and short scalping trades. In the code it works with MACD, RSI and the Stochastic oscillator. It draws arrows on the chart, can send alerts and marks candlestick patterns. It has 5 settings, for example Volume Bars Back (default 20), Volume Minimum (default 100) and Engulfing On (default TRUE). 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 Volume Scalper
Volume Scalper is an indicator for MetaTrader 4 based on MACD, RSI and Stochastic. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and marks candlestick patterns. It has 5 settings, such as Volume bars back, Volume minimum and Engulfing on. MQL source code included.
Files in the download: VolumeScalper.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Volume bars back | 20 | |
| Volume minimum | 100 | |
| Engulfing on | TRUE | |
| Alerts on | TRUE | Turn this alert on or off |
| Emails on | TRUE | Turn this alert on or off |
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 · Volume · Buy/Sell Arrows · Alerts · Candlestick Patterns · MACD · RSI · Stochastic · MT4 Indicator · MQL4 Source Code