Forex BSI Trend With Channel Indicator
From the Old Kings archive: Forex BSI Trend With Channel Indicator, an indicator for MetaTrader 4. Its name points to price channels and following the trend. It draws arrows on the chart. It has 5 settings, for example Channel Period (default 30), Trend Period (default 30) and Reversal Noise Filter (default 5). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 2 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 BSI Trend With Channel Indicator
Forex BSI Trend With Channel Indicator is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 5 settings, such as Channel period, Trend period and Reversal noise filter. MQL source code included.
Files in the download: bsi_trend.mq4, installation manual.txt, tangoline_v1.2.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Channel period | 30 | Channel Period |
| Trend period | 30 | Trend Period |
| Reversal noise filter | 5 | NoiseFilter (Minimam Reversal Spread) |
| Using volume weight | true | UseingVolumeWeight |
| Period | 20 | Channel Period |
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 · MT4 Indicator · MQL4 Source Code