Forex Atron Keltner Channel Scalping Strategy
From the Old Kings archive: Forex Atron Keltner Channel Scalping Strategy, an indicator for MetaTrader 4. Judging by its name, it is built around Keltner channels, price channels and short scalping trades. In the code it works with the Stochastic oscillator, moving averages and ATR. It draws arrows on the chart and can send alerts. It has 40 settings, for example Price (default 0), Length (default 14) and Damping Factor (default 1). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 6 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 Atron Keltner Channel Scalping Strategy
Forex Atron Keltner Channel Scalping Strategy is an indicator for MetaTrader 4 based on Stochastic, Moving Average and ATR. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 40 settings, such as Price, Length and Damping factor. MQL source code included.
Files in the download: AJ.tpl, AllHullMA_v3.3ea 600+.mq4, didi.mq4, ForexAtron_Points_Alerts.mq4, GP_Clock-.mq4, installation manual.txt, JMO_V5_Stoch.mq4, RK-KCv8-wMTF-txt-Zo-trend_arrows.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Price | 0 | |
| Length | 14 | |
| Damping factor | 1 | DampingFactor(ex.0.7) |
| Shift | 0 | Bar shift (0 = current bar) |
| Ma method | 3 | |
| Count bars | 0 | Number of bars counted: 0-all bars |
| Didi ema1 | 3 | |
| Didi ema2 | 8 | |
| Didi ema3 | 20 | |
| Didi ema4 | 8 | |
| Check bars | 150 | |
| Flexibility | 5 | |
| Deviation | 2.0 | |
| Alerts on | true | Turn this alert on or off |
| Show points | true | |
| Clock color | Lime | Colour on the chart |
| First s period | 20 | Period or timeframe used by the calculation |
| Second s period | 3 | Period or timeframe used by the calculation |
| Third s period | 3 | Period or timeframe used by the calculation |
| Ma method options | 0=SMA, 1=EMA, 2=SMMA, 3=LWMA | |
| Price options | 0=Low/High, 1=Close/Close | |
| S method | 3 | |
| Price field s | 1 | |
| Jmo period | 20 | Period or timeframe used by the calculation |
| Jmo method | 3 | |
| Tf | 0 | Period or timeframe used by the calculation |
| K cperiod | 7 | Period or timeframe used by the calculation |
| Num at rs | 0.75 | |
| Price | 0 | 0-6; 4-median |
| Addmidzero | false | |
| Max bars | 400 | |
| Alerts on | true | Turn this alert on or off |
| Alerts on current | False | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | True | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Show arrows | true | |
| Arrowloc | 1.0 | arrow location |
| Arrows identifier | KC8arr | |
| Arrow up color | SkyBlue | Green; |
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: Scalping · Channels & Envelopes · Buy/Sell Arrows · Alerts · Stochastic · Moving Average · ATR · MT4 Indicator · MQL4 Source Code