Forex CCI Step Channel Indicator
From the Old Kings archive: Forex CCI Step Channel Indicator, an indicator for MetaTrader 4. As the name suggests, the idea behind it is the Commodity Channel Index (CCI) and price channels. It has 6 settings, for example Description1 (default --- Step Channel Setting), Scale Factor (default 2.25) and Ma Period (default 3). 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 CCI Step Channel Indicator
Forex CCI Step Channel Indicator is an indicator for MetaTrader 4. It has 6 settings, such as Description1, Scale factor and Ma period. MQL source code included.
Files in the download: cci_on_stepchannel.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Description1 | --- Step Channel Settings--- | |
| Scale factor | 2.25 | Scale factor |
| Ma period | 3 | Smooth Period |
| Volatility period | 70 | Volatility Period |
| Description2 | --- CCI Settings --- | |
| Cci period | 32 | CCI 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: CCI · Channels & Envelopes · MT4 Indicator · MQL4 Source Code