Donchian Channels Generalized Version
Donchian Channels Generalized Version — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to Donchian channels and price channels. It has 5 settings, for example Periods (default 24), remes (default 3) and Margins (default -2). 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 Donchian Channels Generalized Version
Donchian Channels Generalized Version is an indicator for MetaTrader 4. It has 5 settings, such as Periods, Extremes and Margins. MQL source code included.
Files in the download: Donchian Channels - Generalized version.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Periods | 24 | Number of bars in the calculation |
| Extremes | 3 | |
| Margins | -2 | |
| Advance | 0 | |
| Max bars | 700 |
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 · MT4 Indicator · MQL4 Source Code