MACD OsMA Indicator for MT4 with MTF

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macd osma indicator for mt4 with mtf

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MACD OsMA Indicator is perfect to analyze and to understand the price movements between buys and sells! It will warn you about trend exhaustion and trend reversals!

 

MACD OsMA Indicator for MT4 will show you the difference between the exponential Moving Average with two periods and the signal line is a moving average of the indicator. OsMA shows the difference between the MACD and its signal line. With strong trend come more investors which follow that direction and momentum increases which in consequence price moves away from the moving average. Its a good signal for oversold and overbought situations. This indicator allows you to select MTF (Multi time frame) and show it on your current timeframe.

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This are the available settings for MACD OsMA Indicator:

  • macd osma indicator for mt4 with mtf settingsFastMA_Period: How many periods are used for Fast Moving Average calculation in MACD
  • SlowMA_Period: How many periods are used for Slow Moving Average calculation in MACD
  • SignalMA_Period: How many periods are used for Signal Moving Average calculation in MACD
  • FastMA_Mode: Select mode for Fast Moving Average
  • SlowMA_Mode: Select mode for Slow Moving Average
  • SignalMA_Mode: Select mode for Signal Moving Average
    • 0: SMA (Simple moving average)
    • 1: EMA (Exponential moving average)
    • 2: SMMA (Smoothed moving average)
    • 3: LWMA (Linear weighted moving average)
  • FastMA_Price: Applied price to Fast Moving Average
  • SlowMA_Price: Applied price to Fast Moving Average
    • 0: CLOSE (Close price)
    • 1: OPEN (Open price)
    • 2: HIGH (High price)
    • 3: LOW (Low price)
    • 4: MEDIAN (Median price, (high+low)/2)
    • 5: TYPICAL (Typical price, (high+low+close)/3)
    • 6: WEIGHTED (Weighted close price, (high+low+close+close)/4)
  • OsmaMultiplier: Multiplier for OSMA with corolation to MACD (visual only)
  • ShowOsMA_Histo: Show or hide OsMA Histogram
  • ShowMACD_Histo: Show or hide MACD Histogram
  • TimeFrame: force timeframe for MACD OsMA Indicator

MACD OsMA Indicator for MT4 with MTF

Download 8.63 KB 2090 downloads
File
MACD_OsMA_4ColorH_2LVar1_mtf.mq4

How to install MACD OsMA Indicator in MetaTrader 4 / MT4:

  1. Download/Copy/Save the MQ4/EX4 file into your C:\Program Files\MetaTrader 4\experts\indicators folder (or change the folder to your installation sometimes forex broker name)
  2. Restart your MetaTrader 4 application (assuming it’s currently open) … or Launch your MetaTrader 4 application
  3. On the left hand side, look for the “Navigator” window and under the “Common” tab, look into the “Custom Indicators” section
  4. Locate the indicator which you have just downloaded into the folder stated in Step 1
  5. Drag (Click and drag) the indicator onto the chart
  6. Choose your settings and click OK.
  7. TADA and your done!
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