momentum histo
Info
The momentum histo is a Indicator for MetaTrader 4 that inputs to enable/disable each alert type separately. instead of only momentum, implemented a drop-down list of indicators you can choose from.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use momentum histo
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
inputs to enable/disable each alert type separately.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: indicator for recording trade history - another powerful indicator for MetaTrader 4 traders.
inputs to enable/disable each alert type separately.
Also recommended: aura heiken ashi: advanced trend and momentum indicator - similar indicator with strong performance on MetaTrader 4.
instead of only momentum, implemented a drop-down list of indicators you can choose from.
minor optimizations and fixes. inputs
mname
- indicator name.
mperiod
- indicator period.
mlevel
- indicator level.
mappliedprice
- applied price for momentum, cci or rsi.
alerts
- enable/disable alerts.
push
- enable/disable push notifications. recommendations
employ other means of fundamental and technical analysis, do not rely solely on this indicator to make trading decisions.
thank you for reading!
You may also like: breakout rhonchus pro: professional momentum breakout indicator - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.10"
#property strict
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_color1 clrgreen
#property indicator_color2 clrred
#property indicator_width1 3
#property indicator_width2 3.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.