Forex Momentum ATR Histogram Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Momentum ATR Histogram Indicator. As the name suggests, the idea behind it is price momentum and ATR volatility. In the code it works with moving averages and ATR. It has 4 settings, for example mom Period (default 25), mom Price (default PRICE_CLOSE) and mom Smooth (default 15). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Momentum ATR Histogram Indicator
Forex Momentum ATR Histogram Indicator is an indicator for MetaTrader 4 based on Moving Average and ATR. It has 4 settings, such as Mom period, Mom price and Mom smooth. MQL source code included.
Files in the download: installation manual.txt, momentum_-_atr_normalized_histo_-_nlm_smoothed.ex4, momentum_-_atr_normalized_histo_-_nlm_smoothed.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Mom period | 25 | Period or timeframe used by the calculation |
| Mom price | PRICE_CLOSE | |
| Mom smooth | 15 | |
| Levels | 5 |
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: ATR · Momentum · Moving Average · MT4 Indicator · MQL4 Source Code