Forex Momentum Regularized Indicator
Forex Momentum Regularized Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is price momentum. Its source code uses moving averages. It has 3 settings, for example Length (default 14), Price (default PRICE_CLOSE) and Lambda (default 5). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Indicator
Forex Momentum Regularized Indicator is an indicator for MetaTrader 4 based on Moving Average. It has 3 settings, such as Length, Price and Lambda. MQL source code included.
Files in the download: installation manual.txt, regularized__momentum.ex4, regularized__momentum.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Length | 14 | |
| Price | PRICE_CLOSE | |
| Lambda | 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: Momentum · Moving Average · MT4 Indicator · MQL4 Source Code