Forex Hama Step Histogram Indicator
From the Old Kings archive: Forex Hama Step Histogram Indicator, an indicator for MetaTrader 4. In the code it works with moving averages. It has 5 settings, for example Step Mode (default 1), Ma Metod (default 2) and Ma Period (default 5). 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 Hama Step Histogram Indicator
Forex Hama Step Histogram Indicator is an indicator for MetaTrader 4 based on Moving Average. It has 5 settings, such as Step mode, Ma metod and Ma period. MQL source code included.
Files in the download: hama_step_histo.ex4, hama_step_histo.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Step mode | 1 | Distance between orders |
| Ma metod | 2 | |
| Ma period | 5 | Period or timeframe used by the calculation |
| Step | 5 | Distance between orders |
| Count bars | 1500 |
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