Forex Auto Trend Channel Swing Trading Strategy
From the Old Kings archive: Forex Auto Trend Channel Swing Trading Strategy, an indicator for MetaTrader 4. Judging by its name, it is built around price channels and following the trend. In the code it works with moving averages. It draws arrows on the chart. It has 22 settings, for example pivots (default true), camarilla (default true) and midpivots (default true). 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 Auto Trend Channel Swing Trading Strategy
Forex Auto Trend Channel Swing Trading Strategy is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart. It has 22 settings, such as Pivots, Camarilla and Midpivots. MQL source code included.
Files in the download: installation manual.txt, Pivot Lines.mq4, rsioma and bollinger bands.tpl, RSIOMA Bollinger Bands.ex4, RSIOMA Bollinger Bands.mq4, S.S.Short Term_Trend.ex4, Trend_Bars.mq4, Wave_Arrows.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Pivots | true | |
| Camarilla | true | |
| Midpivots | true | |
| Rsioma | 14 | |
| Buy trigger | 80 | |
| Sell trigger | 20 | |
| Main trend long | 50 | |
| Main trend short | 50 | |
| Bollinger period | 10 | Period or timeframe used by the calculation |
| Bollinger deviation | 1 | |
| Bollinger shift | 0 | Bar shift (0 = current bar) |
| Bars to use | 200 | |
| T3 period | 50 | Period or timeframe used by the calculation |
| T3 price | PRICE_CLOSE | |
| Bar count | 1500 | |
| SR | 3 | =3..4 |
| SRZZ | 12 | =4..12..20 |
| Main rzz | 20 | =12..20..54... |
| FP | 21 | |
| SMF | 3 | =1..5 |
| Draw zz | false | |
| Price const | 0 | 0 - Close |
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 · Trend · Buy/Sell Arrows · Moving Average · MT4 Indicator · MQL4 Source Code