Forex Keltner Channel CL Version Indicator
Forex Keltner Channel CL Version Indicator is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is Keltner channels and price channels. Its source code uses moving averages and ATR. It has 7 settings, for example MAType (default 1), MAPeriod (default 20) and MAPrice (default 5). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Channel CL Version Indicator
Forex Keltner Channel CL Version Indicator is an indicator for MetaTrader 4 based on Moving Average and ATR. It has 7 settings, such as Ma type, Ma period and Ma price. MQL source code included.
Files in the download: CL-KeltnerChannel.ex4, CL-KeltnerChannel.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma type | 1 | |
| Ma period | 20 | Period or timeframe used by the calculation |
| Ma price | 5 | |
| Atr period | 10 | Period or timeframe used by the calculation |
| Atr multipler | 1.5 | How much the lot size grows after a loss |
| Type help | 0=sma,1=ema,2=smma,3=lwma | |
| Price help | 0=cls,1=op,2=hi,3=lo,4=median,5=typical |
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