Forex Step EMA Line Indicator
From the Old Kings archive: Forex Step EMA Line Indicator, an indicator for MetaTrader 4. Its name points to moving averages. In the code it works with moving averages. It has 8 settings, for example EMAPeriod (default 30), ERange Period (default 14) and ERange Window (default 8). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 1 indicator file 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 Step EMA Line Indicator
Forex Step EMA Line Indicator is an indicator for MetaTrader 4 based on Moving Average. It has 8 settings, such as Ema period, E range period and E range window. MQL source code included.
Files in the download: installation manual.txt, Step_EMA_LK.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ema period | 30 | Period or timeframe used by the calculation |
| E range period | 14 | Period or timeframe used by the calculation |
| E range window | 8 | Must be less then ERangePeriod, think of it as custom TF |
| Applied price text1 | Close: 0, Open: 1, High: 2, Low: 3 | |
| Applied price text2 | Median: 4, Typical: 5, Weighted: 6 | |
| Applied price | 4 | |
| Price shift | 0 | Bar shift (0 = current bar) |
| Max bars | 4000 |
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: Moving Average · MT4 Indicator · MQL4 Source Code