Forex Market Momentum Swing Trading Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Market Momentum Swing Trading Strategy. As the name suggests, the idea behind it is price momentum. In the code it works with moving averages, ATR and a trend filter. It draws arrows on the chart, can send alerts and can read another timeframe. It has 32 settings, for example Time Frame (default 240), MAPeriod (default 2) and ma shift (default 0). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 10 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 Market Momentum Swing Trading Strategy
Forex Market Momentum Swing Trading Strategy is an indicator for MetaTrader 4 based on Moving Average, ATR and Trend. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 32 settings, such as Time frame, Ma period and Ma shift. MQL source code included.
Files in the download: #MTF_MovingAverage240.mq4, #MTF_Trendenvelopes_v14.mq4, ATRprojections~.mq4, DailyBoxes~.mq4, installation manual.txt, market momentum.tpl, MarketMomentum~.mq4, SEFC Dots1.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | 240 | Period or timeframe used by the calculation |
| Ma period | 2 | Period or timeframe used by the calculation |
| Ma shift | 0 | Bar shift (0 = current bar) |
| Ma method | 3 | |
| Applied price | 2 | |
| Level1 | White | |
| Level2 | DarkGray | |
| Level3 | LightGray | |
| Style | 0 | |
| Width | 1 | |
| Color up | Lavender | Colour on the chart |
| Color down | Wheat | Colour on the chart |
| Color neutral | LightGray | Colour on the chart |
| Periode | 8 | Number of bars in the calculation |
| Lb | 10 | |
| Ssl ma method | 0 | |
| Ssl bar level | 15 | BarLevel 10-90 |
| Alerts on | true | Turn this alert on or off |
| Alerts message box | true | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts sound file | alert2.wav | enterSoundFile |
| Alerts email | false | Turn this alert on or off |
| Alerts after bar close | true | Turn this alert on or off |
| Ma method | SMA0 EMA1 SMMA2 LWMA3 | |
| Iiiiiiiiii | TimeFrame current=0 m1=1 m15=15 | |
| Iiiiiiiiiii | m30=30 h1=60 h4=240 d1=1440 | |
| Iiiiiiiiiiii | w1=10080 mn1=43200 | |
| Ma period | 4 | Period or timeframe used by the calculation |
| Ma method | 3 | |
| Use signal | 0 | |
| Alert mode | 0 | Turn this alert on or off |
| Warning mode | 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: Momentum · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · Moving Average · ATR · Trend · MT4 Indicator · MQL4 Source Code