The Power Of Trend Momentum
The Power Of Trend Momentum is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is price momentum and following the trend. Its source code uses ATR and ZigZag. It draws arrows on the chart and can send alerts. It has 40 settings, for example Other Time Frames (default Select below 0=current t), select other tf to show (default 0) and H Pos MTF (default 1). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 12 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 The Power Of Trend Momentum
The Power Of Trend Momentum is an indicator for MetaTrader 4 based on ATR and ZigZag. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 40 settings, such as Other time frames, Select other tf to show and H pos mtf. MQL source code included.
Files in the download: !Idea1.ex4, !MACD1.ex4, 10.2 TMA slope v.1.4B 4.30.ex4, 10.2 TMA slope v.1.4B 4.30.mq4, FiboPiv_v2.ex4, NonLagMA_v7.1.ex4, Short Trend.ex4, The Power of Trend-Momentum.tpl ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Other time frames | Select below 0=current tf,1,5,15,30,60,2 | Period or timeframe used by the calculation |
| Select other tf to show | 0 | |
| H pos mtf | 1 | |
| V pos mtf | 50 | |
| Font size mtf | 12 | |
| Corner mtf | 3 | |
| Font color mtf | Black | Colour on the chart |
| Eint period | 20 | Period or timeframe used by the calculation |
| Edbl high1 | 0.4 | |
| Edbl low1 | -0.4 | |
| Atr period | 100 | Period or timeframe used by the calculation |
| Font color | White | Colour on the chart |
| H pos | 1 | |
| V pos | 25 | |
| Corner | 3 | |
| Font size | 14 | |
| Font size text | 11 | |
| H pos text | 1 | |
| V pos text | 1 | |
| Text corner | 3 | |
| S0 | ||
| Break | true | |
| Expand | true | |
| Use alert | true | Turn this alert on or off |
| Alert debug | true | Turn this alert on or off |
| Alert sound | true | Turn this alert on or off |
| Alert message | false | Turn this alert on or off |
| File sound | alert2.wav | Turn this alert on or off |
| Trend up name | TrendlineUp | |
| Trend dn name | TrendlineDn | |
| Trend up | Blue | |
| Trend dn | Red | |
| Otstup | 0 | pips |
| S1 | ZZ | |
| Depth | 12 | |
| Deviation | 5 | |
| Backstep | 3 | Distance between orders |
| Depth | 12 | Depth |
| Deviation | 5 | Deviation |
| Backstep | 3 | Backstep |
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 · Buy/Sell Arrows · Alerts · ATR · ZigZag · MT4 Indicator · MQL4 Source Code