Forex Fibo Dynamic Channel Trading System
From the Old Kings archive: Forex Fibo Dynamic Channel Trading System, an indicator for MetaTrader 4. Its name points to Fibonacci retracement or extension levels and price channels. In the code it works with moving averages, Bollinger Bands and CCI. It draws arrows on the chart. It has 26 settings, for example g timeframe 76 (default PERIOD_D1), g period 80 (default 252) and Line Style (default 1). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 7 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 Fibo Dynamic Channel Trading System
Forex Fibo Dynamic Channel Trading System is an indicator for MetaTrader 4 based on Moving Average, Bollinger Bands and CCI. It draws buy and sell arrows on the chart. It has 26 settings, such as G timeframe 76, G period 80 and Line style. MQL source code included.
Files in the download: DynamicFipo-Exp1.mq4, DynamicFipo-Exp2.mq4, DynamicFipo-Main1.mq4, DynamicFipo-Main11.ex4.mq4, DynamicFipo-Main12.ex4.mq4, DynamicFipo-Main2.mq4, PH-CCI_Woodie_Panel_Heart_v3.mq4, installation manual.txt ….
Settings
| Setting | Default | What it does |
|---|---|---|
| G timeframe 76 | PERIOD_D1 | Period or timeframe used by the calculation |
| G period 80 | 252 | Number of bars in the calculation |
| Line style | 1 | |
| Line width | 0 | |
| 1 | Band | |
| 2 | 1 - Upper | |
| 3 | 2 - Lower | |
| Which band | 1 | |
| Trend cci period | 14 | Period or timeframe used by the calculation |
| Entry cci period | 6 | Period or timeframe used by the calculation |
| Lsma period | 25 | Period or timeframe used by the calculation |
| Trend period | 5 | Period or timeframe used by the calculation |
| Panel text color normal | Black | Colour on the chart |
| Background panel color | C'0x73,0x9D,0x7B' | Colour on the chart |
| Tickvalue alarm | 10 | |
| Horizontal offset | 10 | |
| Vertical offset | 0 | |
| Sound alert | FALSE | Turn this alert on or off |
| Sound alert seconds left | 35 | Turn this alert on or off |
| Sound file | alert2.wav | Turn this alert on or off |
| Count bars | 1000 | |
| Cci size | 3 | |
| Tcci size | 1 | |
| Trend size | 2 | |
| No trend size | 2 | |
| Line size3 | 1 |
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: Fibonacci · Channels & Envelopes · Buy/Sell Arrows · Moving Average · Bollinger Bands · CCI · MT4 Indicator · MQL4 Source Code