Forex Channel 50 EMA Two Methods Trading System
Forex Channel 50 EMA Two Methods Trading System — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to moving averages and price channels. Its source code uses moving averages. It can send alerts and can read another timeframe. It has 21 settings, for example Length (default 50), JMA Shift (default 0) and Price (default 0). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 4 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 Channel 50 EMA Two Methods Trading System
Forex Channel 50 EMA Two Methods Trading System is an indicator for MetaTrader 4 based on Moving Average. It can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 21 settings, such as Length, Jma shift and Price. MQL source code included.
Files in the download: Filter.ex4, installation manual.txt, Jurik filter simple 1.mq4, Macd-with-EMA.mq4, Non lag Schaff Tcd Rsx.mq4, ronnierott's 1 hour by jubu.tpl, two ema channell janustrader's method.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Length | 50 | |
| Jma shift | 0 | Bar shift (0 = current bar) |
| Price | 0 | |
| Phase | 0 | |
| Fast ema | 10 | |
| Slow ema | 20 | |
| Signal ema | 1 | |
| M aof signal per | 7 | |
| Time frame | current time frame | Period or timeframe used by the calculation |
| Fast length | 23 | |
| Slow length | 50 | |
| Period length | 25 | Number of bars in the calculation |
| Macd price | PRICE_CLOSE | |
| Rsx length | 9 | |
| Interpolate | true | |
| Multi color | true | Colour on the chart |
| 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 | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
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: Moving Average · Channels & Envelopes · Alerts · Multi-Timeframe (MTF) · MT4 Indicator · MQL4 Source Code