Digital Price Channel MOD
Digital Price Channel MOD — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around price channels. This copy is a modified edition. Its source code uses moving averages. It draws arrows on the chart, can send alerts and can read another timeframe. It has 12 settings, for example Time Frame (default 0), Up Band Price (default 2) and Lo Band Price (default 3). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 · v1.0 · Free
About Digital Price Channel MOD
Digital Price Channel MOD is an indicator for MetaTrader 4 based on Moving Average. 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 12 settings, such as Time frame, Up band price and Lo band price. MQL source code included.
Files in the download: Digital Price Channel MOD.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | 0 | TimeFrame in min |
| Up band price | 2 | Upper Band's Price = 0...10 (see List of Prices) |
| Lo band price | 3 | Lower Band's Price = 0...10 (see List of Prices) |
| Up band period | 10 | Upper Band's Period |
| Lo band period | 10 | Lower Band's Period |
| Up band method | 0 | Upper Band MA's Method = 0...20 (see List of MAs) |
| Lo band method | 0 | Lower Band MA's Mathod = 0...20 (see List of MAs) |
| Up band deviation | 0.0 | Upper Band's Deviation in decimals |
| Lo band deviation | 0.0 | Lower Band's Deviation in decimals |
| Signal mode | 1 | Switch of Signal mode(0-off,1-on) |
| Alert mode | 1 | Sound Alert switch(0...2) |
| Warning mode | 0 | Warning Mode (0-off,1-on) |
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 · Alerts · Multi-Timeframe (MTF) · Moving Average · MT4 Indicator · MQL4 Source Code