Forex Momentum Regularized Histogram MTF Indicator
From the Old Kings archive: Forex Momentum Regularized Histogram MTF Indicator, an indicator for MetaTrader 4. Its name points to price momentum and several timeframes at once. It can send alerts and can read another timeframe. It has 13 settings, for example Time Frame (default PERIOD_CURRENT), Length (default 25) and Price (default pr_close). 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 Momentum Regularized Histogram MTF Indicator
Forex Momentum Regularized Histogram MTF Indicator is an indicator for MetaTrader 4. It can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 13 settings, such as Time frame, Length and Price. MQL source code included.
Files in the download: installation manual.txt, regularized__momentum_histo_mtf_alerts_2_3.ex4, regularized__momentum_histo_mtf_alerts_2_3.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | PERIOD_CURRENT | Time frame to use |
| Length | 25 | Main calculation period |
| Price | pr_close | Price to use |
| Lambda | 5 | Lambda |
| Alerts on | true | Turn alerts on |
| Alerts on current | false | Alerts on current (still opened) bar? |
| Alerts on slope | true | Alerts should alert on slope change? |
| Alerts on zero cross | true | Alerts should alert on zero cross? |
| Alerts message | true | Alerts should show a popup message? |
| Alerts sound | false | Alerts hould play a sound? |
| Alerts email | true | Alerts should send email? |
| Alerts notify | true | Alerts should send notification? |
| Interpolate | true | Interpolate in multi time frame mode? |
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 · Multi-Timeframe (MTF) · Alerts · MT4 Indicator · MQL4 Source Code