Forex Stochastic Tape MTF NMC Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Stochastic Tape MTF NMC Indicator. Judging by its name, it is built around the Stochastic oscillator and several timeframes at once. In the code it works with the Stochastic oscillator. It can read another timeframe. It has 12 settings, for example Time Frame (default Current time frame), KPeriod (default 34) and Slowing (default 10). 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 Stochastic Tape MTF NMC Indicator
Forex Stochastic Tape MTF NMC Indicator is an indicator for MetaTrader 4 based on Stochastic. It can show data from another timeframe (MTF). It has 12 settings, such as Time frame, K period and Slowing. MQL source code included.
Files in the download: installation manual.txt, Stochastic tape mtf nmc.ex4, Stochastic tape mtf nmc.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | Current time frame | Period or timeframe used by the calculation |
| K period | 34 | Period or timeframe used by the calculation |
| Slowing | 10 | |
| D period | 5 | Period or timeframe used by the calculation |
| Ma method | 2 | |
| Price field | 0 | |
| Bars to count | 300 | |
| Show tape | true | |
| Tape color up | Green | Colour on the chart |
| Tape color down | Red | Colour on the chart |
| Tape bars width | 1 | |
| Unique id | StochasticTape |
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 · Multi-Timeframe (MTF) · MT4 Indicator · MQL4 Source Code