Forex Anchored Momentum V2 Indicator
Forex Anchored Momentum V2 Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is price momentum. This copy is version 2. Its source code uses moving averages. It has 5 settings, for example Mom Period (default 10), Ema Period (default 7) and Sma Period (default 7). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 2 indicator files 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 · v2 · Free
About Forex Anchored Momentum V2 Indicator
Forex Anchored Momentum V2 Indicator is an indicator for MetaTrader 4 based on Moving Average. It has 5 settings, such as Mom period, Ema period and Sma period. MQL source code included.
Files in the download: anchored_momentum_2_1.ex4, anchored_momentum_2_1.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Mom period | 10 | Period or timeframe used by the calculation |
| Ema period | 7 | Period or timeframe used by the calculation |
| Sma period | 7 | Period or timeframe used by the calculation |
| Momentum type | typeMost | |
| Applied price | PRICE_CLOSE |
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 · Moving Average · MT4 Indicator · MQL4 Source Code