Forex Channel Parabolic Sar Indicator
Forex Channel Parabolic Sar Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to Parabolic SAR and price channels. Its source code uses Parabolic SAR. It draws arrows on the chart. It has 4 settings, for example Step (default 0.02), Maximum (default 0.2) and Wide (default 0). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Channel Parabolic Sar Indicator
Forex Channel Parabolic Sar Indicator is an indicator for MetaTrader 4 based on Parabolic SAR. It draws buy and sell arrows on the chart. It has 4 settings, such as Step, Maximum and Wide. MQL source code included.
Files in the download: installation manual.txt, __channeluonsparabolicusar.ex4, __channeluonsparabolicusar.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Step | 0.02 | Distance between orders |
| Maximum | 0.2 | |
| Wide | 0 | |
| History | 0 | - ; 0 - |
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: Parabolic SAR · Channels & Envelopes · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code