Forex Keltner Channel Color V1 Indicator
From the Old Kings archive: Forex Keltner Channel Color V1 Indicator, an indicator for MetaTrader 4. As the name suggests, the idea behind it is Keltner channels and price channels. The file name marks it as version 1. In the code it works with moving averages and ATR. It has 6 settings, for example MA PERIOD (default 20), MA MODE (default 0) and PRICE MODE (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 · Free
About Forex Keltner Channel Color V1 Indicator
Forex Keltner Channel Color V1 Indicator is an indicator for MetaTrader 4 based on Moving Average and ATR. It has 6 settings, such as Ma period, Ma mode and Price mode. MQL source code included.
Files in the download: installation manual.txt, KeltnerChannel_v1 Color.ex4, KeltnerChannel_v1 Color.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma period | 20 | Period or timeframe used by the calculation |
| Ma mode | 0 | |
| Price mode | 5 | |
| Atr period | 50 | Period or timeframe used by the calculation |
| K | 2.0 | |
| Atr mode | false |
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