Channels 3
Channels 3 is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around price channels. Its source code uses moving averages. It draws arrows on the chart. It has 10 settings, for example period AMA (default 9), nfast (default 2) and nslow (default 30). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 4 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 Channels 3
Channels 3 is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart. It has 10 settings, such as Period ama, Nfast and Nslow. MQL source code included.
Files in the download: Darvas Boxes.mq4, Kaufman_Bands.mq4, Keltner Seperate window.mq4, SilverTrend_Signal.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Period ama | 9 | Number of bars in the calculation |
| Nfast | 2 | |
| Nslow | 30 | |
| G | 2.0 | |
| D k | 2.0 | |
| Bollinger period | 20 | Period or timeframe used by the calculation |
| K bollinger | 2.0 | |
| Period | 10 | Period or timeframe used by the calculation |
| RISK | 3 | Risk per trade (percent of balance) |
| Count bars | 350 |
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: Channels & Envelopes · Buy/Sell Arrows · Moving Average · MT4 Indicator · MQL4 Source Code