Forex Ehlers Sine Wave Stochastic Indicator
Forex Ehlers Sine Wave Stochastic Indicator is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around the Stochastic oscillator and wave counting in the Elliott style. Its source code uses the Stochastic oscillator. It has 3 settings, for example Sto Period (default 32), Sto Smoothing (default 5) and Sto Price (default 0). 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 · v1.0 · Free
About Forex Ehlers Sine Wave Stochastic Indicator
Forex Ehlers Sine Wave Stochastic Indicator is an indicator for MetaTrader 4 based on Stochastic. It has 3 settings, such as Sto period, Sto smoothing and Sto price. MQL source code included.
Files in the download: ehlers_sinewave_of_stochastic.ex4, ehlers_sinewave_of_stochastic.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Sto period | 32 | Period or timeframe used by the calculation |
| Sto smoothing | 5 | |
| Sto price | 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: Stochastic · MT4 Indicator · MQL4 Source Code