Forex Chandelier Stops Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Chandelier Stops Indicator. In the code it works with ATR. It has 4 settings, for example Length (default 15), ATRperiod (default 14) and Kv (default 4). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Chandelier Stops Indicator
Forex Chandelier Stops Indicator is an indicator for MetaTrader 4 based on ATR. It has 4 settings, such as Length, At rperiod and Kv. MQL source code included.
Files in the download: ChandelierStops_v1.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Length | 15 | |
| At rperiod | 14 | Period or timeframe used by the calculation |
| Kv | 4 | |
| Shift | 1 | Bar shift (0 = current bar) |
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 · MT4 Indicator · MQL4 Source Code