Forex Strength Indicator
Forex Strength Indicator is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around currency strength across pairs. Its source code uses MACD, the Stochastic oscillator and moving averages. It can send alerts. It has 13 settings, for example MA Power (default true), MACD Power (default false) and Stochastic Power (default false). 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 Strength Indicator
Forex Strength Indicator is an indicator for MetaTrader 4 based on MACD, Stochastic and Moving Average. It can alert you with a pop-up, sound, email or push message. It has 13 settings, such as Ma power, Macd power and Stochastic power. MQL source code included.
Files in the download: Indicator_Strength.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma power | true | MA Indicator Strength ON/OFF |
| Macd power | false | MACD Indicator Strength ON/OFF |
| Stochastic power | false | Stochastic Indicator Strength ON/OFF |
| Ma fast | 13 | default indicator values |
| Ma slow | 21 | |
| Macd fast | 12 | |
| Macd slow | 26 | |
| Macd signal | 9 | |
| Sto k | 14 | |
| Sto d | 3 | |
| Sto slowing | 3 | |
| Back bars | 500 | history limit |
| Set levels | true | average pos/neg indicator levels ON/OFF |
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: Alerts · MACD · Stochastic · Moving Average · MT4 Indicator · MQL4 Source Code