Forex Daily Channel Trading Indicator
Forex Daily Channel Trading Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to price channels. It has 4 settings, for example Local Time Zone (default 8), Daily Time Zone (default -5) and Daily Period Color (default clrBlack). 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 Daily Channel Trading Indicator
Forex Daily Channel Trading Indicator is an indicator for MetaTrader 4. It has 4 settings, such as Local time zone, Daily time zone and Daily period color. MQL source code included.
Files in the download: DailyChannel.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Local time zone | 8 | Local Time Zone |
| Daily time zone | -5 | Daily Time Zone Default UTC-5 East USA |
| Daily period color | clrBlack | Daily Period Color |
| Daily period style | STYLE_DOT | Daily Period Style |
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 · MT4 Indicator · MQL4 Source Code