4 Fractals Channel V1.mq4
4 Fractals Channel V1.mq4 is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around Bill Williams fractals (swing highs / lows) and price channels. This copy is version 1. It draws arrows on the chart and can send alerts. It has 8 settings, for example barn (default 1000), Length B (default 34) and Length K (default 12). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 · Free
About 4 Fractals Channel V1.mq4
4 Fractals Channel V1.mq4 is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 8 settings, such as Barn, Length b and Length k. MQL source code included.
Files in the download: 4Fractals channel_v1.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Barn | 1000 | |
| Length b | 34 | |
| Length k | 12 | |
| Sound alert mode | 0 | Turn this alert on or off |
| Soundonly | 0 | Turn this alert on or off |
| Period | 34 | Period or timeframe used by the calculation |
| Shifts | 0 | Bar shift (0 = current bar) |
| Bar | 2000 |
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: Fractals · Channels & Envelopes · Buy/Sell Arrows · Alerts · MT4 Indicator · MQL4 Source Code