Forex MACD Osma Histogram Alert Indicator
From the Old Kings archive: Forex MACD Osma Histogram Alert Indicator, an indicator for MetaTrader 4. Its name points to MACD (moving average convergence / divergence) and alerts. In the code it works with moving averages. It can send alerts. It has 8 settings, for example Fast EMA (default 2), Slow EMA (default 8) and Signal SMA (default 6). 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 Osma Histogram Alert Indicator
Forex MACD Osma Histogram Alert Indicator is an indicator for MetaTrader 4 based on Moving Average. It can alert you with a pop-up, sound, email or push message. It has 8 settings, such as Fast ema, Slow ema and Signal sma. MQL source code included.
Files in the download: MACD_Osma4ColorHist_Alert_LA.ex4, MACD_Osma4ColorHist_Alert_LA.mq4, strategy template.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Fast ema | 2 | |
| Slow ema | 8 | |
| Signal sma | 6 | |
| Osma multiplier | 1 | How much the lot size grows after a loss |
| Sound on | true | Turn this alert on or off |
| Email on | false | Turn this alert on or off |
| Osma zero line cross alert | true | Turn this alert on or off |
| Osma dir change up dn alert | true | Turn this alert on or off |
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 · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code