Chanel
This Old Kings indicator for MetaTrader 4 is called Chanel. In the code it works with the Stochastic oscillator and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 40 settings, for example Hr1 shift small start (default 0), Hr1 shift small end (default 0) and Hr1 shift big start (default 0). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 8 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 Chanel
Chanel is an indicator for MetaTrader 4 based on Stochastic and ATR. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 40 settings, such as Hr1 shift small start, Hr1 shift small end and Hr1 shift big start. MQL source code included.
Files in the download: 3-Auto-Regression-Channel-Indicator.ex4, 3-Auto-Regression-Channel-Indicator.mq4, AJ ARROW.ex4, colored-stochastic-indicator.ex4, colored-stochastic-indicator.mq4, Fractal_Scalper.ex4, Fractal_Scalper.mq4, HolyCandleTime.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Hr1 shift small start | 0 | Bar shift (0 = current bar) |
| Hr1 shift small end | 0 | Bar shift (0 = current bar) |
| Hr1 shift big start | 0 | Bar shift (0 = current bar) |
| Hr1 shift big end | 0 | Bar shift (0 = current bar) |
| Hr1 shift big2 start | 0 | Bar shift (0 = current bar) |
| Hr1 shift big2 end | 0 | Bar shift (0 = current bar) |
| Hr4 shift small start | 1 | Bar shift (0 = current bar) |
| Hr4 shift small end | 1 | Bar shift (0 = current bar) |
| Hr4 shift big start | 1 | Bar shift (0 = current bar) |
| Hr4 shift big end | 1 | Bar shift (0 = current bar) |
| Hr4 shift big2 start | 1 | Bar shift (0 = current bar) |
| Hr4 shift big2 end | 1 | Bar shift (0 = current bar) |
| Daily shift small start | 0 | Bar shift (0 = current bar) |
| Daily shift small end | 0 | Bar shift (0 = current bar) |
| Daily shift big start | 0 | Bar shift (0 = current bar) |
| Daily shift big end | 0 | Bar shift (0 = current bar) |
| Daily shift big2 start | 0 | Bar shift (0 = current bar) |
| Daily shift big2 end | 0 | Bar shift (0 = current bar) |
| Small color | Maroon | Colour on the chart |
| Big color | MidnightBlue | Colour on the chart |
| Big2 color | 13,13,47 | Colour on the chart |
| Small width | 1 | |
| Big width | 1 | |
| Big2 width | 1 | |
| K period | 14 | Period or timeframe used by the calculation |
| Slowing | 3 | |
| D period | 3 | Period or timeframe used by the calculation |
| Ma method | 2 | |
| Price field | 0 | |
| Over bought | 80 | |
| Over sold | 20 | |
| Time frame | Current time frame | Period or timeframe used by the calculation |
| Show bars | false | |
| Show arrows | false | |
| Alerts on | false | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Sensetive | 2 | |
| Pus1 |
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: Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · Stochastic · ATR · MT4 Indicator · MQL4 Source Code