Forex Keltner Channel Paulus Modified Indicator
From the Old Kings archive: Forex Keltner Channel Paulus Modified Indicator, an indicator for MetaTrader 4. Its name points to Keltner channels and price channels. The file name marks it as a modified edition. In the code it works with the Stochastic oscillator, moving averages and ATR. It can send alerts and can read another timeframe. It has 12 settings, for example Time Frame (default 0), Length (default 10) and MA Type (default 0). 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 Channel Paulus Modified Indicator
Forex Keltner Channel Paulus Modified Indicator is an indicator for MetaTrader 4 based on Stochastic, Moving Average and ATR. It can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 12 settings, such as Time frame, Length and Ma type. MQL source code included.
Files in the download: installation manual.txt, Keltner Channel Paulus mod02.ex4, Keltner Channel Paulus mod02.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | 0 | Period or timeframe used by the calculation |
| Length | 10 | default is 21; |
| Ma type | 0 | |
| Shift | 0 | Bar shift (0 = current bar) |
| Price | 0 | |
| Times atr | 1.0 | default is 4.0; |
| Alerts on | true | Turn this alert on or off |
| Stoch k period1 | 5 | Number of bars in the calculation |
| Stoch d period1 | 3 | Number of bars in the calculation |
| Stoch slowing1 | 2 | |
| Upper stoch threshold | 80 | |
| Lower stoch threshold | 20 |
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 · Alerts · Multi-Timeframe (MTF) · Stochastic · Moving Average · ATR · MT4 Indicator · MQL4 Source Code