Forex ATR Channels Indicator
This Old Kings indicator for MetaTrader 4 is called Forex ATR Channels Indicator. As the name suggests, the idea behind it is ATR volatility and price channels. In the code it works with moving averages and ATR. It has 6 settings, for example Periods ATR (default 18), MA Periods (default 49) and MA type (default MODE_LWMA). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Forex ATR Channels Indicator
Forex ATR Channels Indicator is an indicator for MetaTrader 4 based on Moving Average and ATR. It has 6 settings, such as Periods atr, Ma periods and Ma type. MQL source code included.
Files in the download: ATR_Channels.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Periods atr | 18 | Number of bars in the calculation |
| Ma periods | 49 | Number of bars in the calculation |
| Ma type | MODE_LWMA | |
| Mult factor1 | 1.6 | |
| Mult factor2 | 3.2 | |
| Mult factor3 | 4.8 |
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 · Moving Average · MT4 Indicator · MQL4 Source Code