Forex Channel Analyzer Trading Strategy
Forex Channel Analyzer Trading Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to price channels. Its source code uses RSI, the Stochastic oscillator, moving averages and ADX. It draws arrows on the chart. It has 5 settings, for example All Bars (default 240), Bars For Fract (default 0) and TLine Width (default 1). 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 Analyzer Trading Strategy
Forex Channel Analyzer Trading Strategy is an indicator for MetaTrader 4 based on RSI, Stochastic, Moving Average and ADX. It draws buy and sell arrows on the chart. It has 5 settings, such as All bars, Bars for fract and T line width. MQL source code included.
Files in the download: 100 Dollar Trick.mq4, 100DT_Core.mq4, AC.tpl, installation manual.txt, SHI_Channel_true.ex4, SHI_Channel_true.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| All bars | 240 | |
| Bars for fract | 0 | |
| T line width | 1 | |
| A width | 2 | |
| X width | 3 |
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 · Buy/Sell Arrows · RSI · Stochastic · Moving Average · ADX · ATR · MT4 Indicator · MQL4 Source Code