Forex Trend Momentum Trading System
This Old Kings indicator for MetaTrader 4 is called Forex Trend Momentum Trading System. Judging by its name, it is built around price momentum and following the trend. In the code it works with the Stochastic oscillator and ADX. It has 3 settings, for example Period1 (default 5), DPeriod1 (default 3) and Slowing Period1 (default 3). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Trend Momentum Trading System
Forex Trend Momentum Trading System is an indicator for MetaTrader 4 based on Stochastic and ADX. It has 3 settings, such as Period1, D period1 and Slowing period1. MQL source code included.
Files in the download: installation manual.txt, Trend Momentum.mq4, Trend Strength.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Period1 | 5 | Number of bars in the calculation |
| D period1 | 3 | Number of bars in the calculation |
| Slowing period1 | 3 | Number of bars in the calculation |
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: Momentum · Trend · Stochastic · ADX · MT4 Indicator · MQL4 Source Code