Forex MACD Correct Hull Style Indicator
This Old Kings indicator for MetaTrader 4 is called Forex MACD Correct Hull Style Indicator. As the name suggests, the idea behind it is MACD (moving average convergence / divergence) and the Hull moving average. In the code it works with moving averages. It has 10 settings, for example Index Multiplier (default 0), Fast MAPeriod (default 12) and Slow MAPeriod (default 26). 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 MACD Correct Hull Style Indicator
Forex MACD Correct Hull Style Indicator is an indicator for MetaTrader 4 based on Moving Average. It has 10 settings, such as Index multiplier, Fast ma period and Slow ma period. MQL source code included.
Files in the download: installation manual.txt, Macd_Correct_Hull_Style.ex4, Macd_Correct_Hull_Style.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Index multiplier | 0 | How much the lot size grows after a loss |
| Fast ma period | 12 | Period or timeframe used by the calculation |
| Slow ma period | 26 | Period or timeframe used by the calculation |
| Signal period | 9 | Period or timeframe used by the calculation |
| Ma shift | 0 | Bar shift (0 = current bar) |
| Ma method | 1 | 0: sma // 1: ema // 2: smma // 3: lwma |
| Applied price | 0 | 0: Close // 1: Open // 2: High // 3: Low // 4: Median (H+L/2) // 5: Typical (H+L+C/3) // 6: Weighted |
| Macd width | 1 | |
| Signal width | 1 | |
| Histogram width | 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: MACD · Moving Average · MT4 Indicator · MQL4 Source Code