Forex Absolute Strength Indicator
From the Old Kings archive: Forex Absolute Strength Indicator, an indicator for MetaTrader 4. Its name points to currency strength across pairs. In the code it works with moving averages. It has 7 settings, for example Mode (default 0), Length (default 9) and Smooth (default 1). 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 Forex Absolute Strength Indicator
Forex Absolute Strength Indicator is an indicator for MetaTrader 4 based on Moving Average. It has 7 settings, such as Mode, Length and Smooth. MQL source code included.
Files in the download: AbsoluteStrenghtHisto_v1.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Mode | 0 | 0-RSI method; 1-Stoch method |
| Length | 9 | Period |
| Smooth | 1 | Period of smoothing |
| Signal | 4 | Period of Signal Line |
| Price | 0 | Price mode : 0-Close,1-Open,2-High,3-Low,4-Median,5-Typical,6-Weighted |
| Mode ma | 3 | Mode of Moving Average |
| Mode histo | 3 |
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: Moving Average · MT4 Indicator · MQL4 Source Code