Forex Momentum Two Trading Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Momentum Two Trading Strategy. Its name points to price momentum. In the code it works with the Stochastic oscillator, moving averages and ADX. It has 3 settings, for example Period1 (default 5), DPeriod1 (default 3) and Slowing Period1 (default 3). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 3 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 Two Trading Strategy
Forex Momentum Two Trading Strategy is an indicator for MetaTrader 4 based on Stochastic, Moving Average and ADX. It has 3 settings, such as Period1, D period1 and Slowing period1. MQL source code included.
Files in the download: Awesome.mq4, installation manual.txt, Momentum.tpl, Trend Momentum.mq4, Trend Strength.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Period1 | 5 | Number of bars in the calculation |
| D period1 | 3 | Number of bars in the calculation |
| Slowing period1 | 3 | Number of bars in the calculation |
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 · Stochastic · Moving Average · ADX · MT4 Indicator · MQL4 Source Code