Forex Keltner Band Mahilo Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Keltner Band Mahilo Indicator. As the name suggests, the idea behind it is Keltner channels. In the code it works with moving averages and ATR. It has 9 settings, for example ATRPeriod (default 10), ATRmultipl (default 2.5) and MA Period (default 20). 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 Keltner Band Mahilo Indicator
Forex Keltner Band Mahilo Indicator is an indicator for MetaTrader 4 based on Moving Average and ATR. It has 9 settings, such as Atr period, At rmultipl and Ma period. MQL source code included.
Files in the download: installation manual.txt, keltner_band_mahilo.ex4, keltner_band_mahilo.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Atr period | 10 | Period or timeframe used by the calculation |
| At rmultipl | 2.5 | How much the lot size grows after a loss |
| Ma period | 20 | Period or timeframe used by the calculation |
| Ma type | 1 | |
| Ma shift | 0 | Bar shift (0 = current bar) |
| Ma price | 0 | |
| Ma hi lo | true | |
| Note price | 0C 1O 2H 3L 4Md 5Tp 6WghC: Md(HL/2)4,Tp( | |
| Ma method | SMA0 EMA1 SMMA2 LWMA3 |
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 · Moving Average · ATR · MT4 Indicator · MQL4 Source Code