Forex Stochastic Osma Momentum Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Stochastic Osma Momentum Indicator. As the name suggests, the idea behind it is price momentum and the Stochastic oscillator. In the code it works with the Stochastic oscillator. It has 6 settings, for example KPeriod (default 10), DPeriod (default 6) and Slowing (default 4). 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 Stochastic Osma Momentum Indicator
Forex Stochastic Osma Momentum Indicator is an indicator for MetaTrader 4 based on Stochastic. It has 6 settings, such as K period, D period and Slowing. MQL source code included.
Files in the download: stochastic_osma_momentum.ex4, stochastic_osma_momentum.mq4, strategy template.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| K period | 10 | Period or timeframe used by the calculation |
| D period | 6 | Period or timeframe used by the calculation |
| Slowing | 4 | |
| Ma mode | 0 | |
| Price field | 0 | |
| Show sto | true |
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: Stochastic · Momentum · MT4 Indicator · MQL4 Source Code