Basket8 Momentum 4
Basket8 Momentum 4 — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around price momentum. It shows an on-chart panel. It has 21 settings, for example tf (default 15), look back (default 16) and Display Bars (default 500). 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 Basket8 Momentum 4
Basket8 Momentum 4 is an indicator for MetaTrader 4. It shows several symbols in one panel. It has 21 settings, such as Tf, Look back and Display bars. MQL source code included.
Files in the download: Basket8Momentum.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Tf | 15 | Period or timeframe used by the calculation |
| Look back | 16 | |
| Display bars | 500 | |
| Long basket | enter 4 long symbols | |
| Mlong basket1 | GBPUSD | |
| Price1 | 0 | |
| Mlong basket2 | EURJPY | |
| Price2 | 0 | |
| Mlong basket3 | AUDUSD | |
| Price3 | 0 | |
| Mlong basket4 | NZDJPY | |
| Price4 | 0 | |
| Short basket | enter 4 short symbols | |
| Mshort basket1 | GBPJPY | |
| Price5 | 0 | |
| Mshort basket2 | EURUSD | |
| Price6 | 0 | |
| Mshort basket3 | AUDJPY | |
| Price7 | 0 | |
| Mshort basket4 | NZDUSD | |
| Price8 | 0 |
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: Momentum · Dashboards & Scanners · MT4 Indicator · MQL4 Source Code