Forex Traditional MACD With Momentum Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Traditional MACD With Momentum Indicator. Judging by its name, it is built around price momentum and MACD (moving average convergence / divergence). In the code it works with divergence checks and moving averages. It has 11 settings, for example Bars To Process (default 1000), Applied Price (default PRICE_CLOSE) and Period Fast EMA (default 12). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Traditional MACD With Momentum Indicator
Forex Traditional MACD With Momentum Indicator is an indicator for MetaTrader 4 based on Divergence and Moving Average. It has 11 settings, such as Bars to process, Applied price and Period fast ema. MQL source code included.
Files in the download: installation manual.txt, macd-neskk.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Bars to process | 1000 | |
| Applied price | PRICE_CLOSE | |
| Period fast ema | 12 | Number of bars in the calculation |
| Period slow ema | 26 | Number of bars in the calculation |
| Period signal | 9 | Number of bars in the calculation |
| Signal ma | MODE_EMA | |
| Delta momentum | 10 | |
| Period momentum | 3 | Number of bars in the calculation |
| Momentum ma | MODE_SMA | |
| Alarm zero crossover | true | |
| Alarm momentum reverse | 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: MACD · Momentum · Divergence · Moving Average · MT4 Indicator · MQL4 Source Code