Forex Correlation Osma Price Indicator
From the Old Kings archive: Forex Correlation Osma Price Indicator, an indicator for MetaTrader 4. In the code it works with moving averages. It has 9 settings, for example Correlation Period (default 8), Price (default PRICE_CLOSE) and Price Smooth Period (default 0). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 · v1.0 · Free
About Forex Correlation Osma Price Indicator
Forex Correlation Osma Price Indicator is an indicator for MetaTrader 4 based on Moving Average. It has 9 settings, such as Correlation period, Price and Price smooth period. MQL source code included.
Files in the download: correlations - OsMa to price.ex4, correlations - OsMa to price.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Correlation period | 8 | Period or timeframe used by the calculation |
| Price | PRICE_CLOSE | |
| Price smooth period | 0 | Period or timeframe used by the calculation |
| Price smooth phase | 0 | |
| Pos corr smooth period | 0 | Period or timeframe used by the calculation |
| Pos corr smooth phase | 0 | |
| Fast ema | 12 | |
| Slow ema | 26 | |
| Signal sma | 9 |
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