Forex ATR Channel Trend Trading Strategy
Forex ATR Channel Trend Trading Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around ATR volatility, price channels and following the trend. Its source code uses RSI and moving averages. It has 40 settings, for example Renko Box Size1 (default 10.0), Box Shift Percent1 (default 45) and Renko Time Frame1 (default 10). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 21 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 Forex ATR Channel Trend Trading Strategy
Forex ATR Channel Trend Trading Strategy is an indicator for MetaTrader 4 based on RSI and Moving Average. It has 40 settings, such as Renko box size1, Box shift percent1 and Renko time frame1. MQL source code included.
Files in the download: DoubleMeanRenkoBuilder.ex4, DoubleMeanRenkoBuilder.mq4, FX King System.tpl, ! AOF - MACDCANDLE.ex4, !X-UK.SIGNAL.LINE.ex4, #i-TREND.ex4, Auto Pivots.ex4, Auto Pivots.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Renko box size1 | 10.0 | |
| Box shift percent1 | 45 | Bar shift (0 = current bar) |
| Renko time frame1 | 10 | What time frame to use for the offline renko chart |
| Renko box offset1 | 0 | |
| Show wicks1 | true | |
| Max bars1 | 10000 | |
| Use2nd renko chart | false | |
| Renko box size2 | 8.0 | |
| Box shift percent2 | 50 | Bar shift (0 = current bar) |
| Renko time frame2 | 8 | What time frame to use for the offline renko chart |
| Renko box offset2 | 0 | |
| Show wicks2 | true | |
| Max bars2 | 10000 | |
| Emulate on line chart | true | |
| Use sunday data | True | |
| Daily | True | |
| Daily sr levels | False | |
| Daily mid levels | False | |
| Weekly | True | |
| Weekly sr levels | False | |
| Weekly mid levels | False | |
| Monthly | True | |
| Monthly sr levels | False | |
| Monthly mid levels | False | |
| Daily pivot | Magenta | |
| Daily s levels | LimeGreen | |
| Daily r levels | Red | |
| Daily mid level | LightSalmon | |
| Weekly pivot | Aqua | |
| Weekly s levels | SteelBlue | |
| Weekly r levels | Peru | |
| Weekly mid level | LightPink | |
| Monthly pivot | Gray | |
| Monthly s levels | Orange | |
| Monthly r levels | Blue | |
| Monthly mid level | LightSalmon | |
| Dynamic number | 789789 | |
| Please note currency symbol | must be EURUSD not eurusd | |
| Currency symbol | ||
| Bars shift side | 0 | Bar shift (0 = current bar) |
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: ATR · Channels & Envelopes · Trend · RSI · Moving Average · MT4 Indicator · MQL4 Source Code