Forex LR Super Channel Swing Trading Strategy
Forex LR Super Channel Swing Trading Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is price channels. Its source code uses RSI, the Stochastic oscillator and moving averages. It draws arrows on the chart, can read another timeframe and shows an on-chart panel. It has 40 settings, for example note1 (default Stochastic), Stoch Period (default 14) and DPeriod (default 3). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 14 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 LR Super Channel Swing Trading Strategy
Forex LR Super Channel Swing Trading Strategy is an indicator for MetaTrader 4 based on RSI, Stochastic and Moving Average. It draws buy and sell arrows on the chart, can show data from another timeframe (MTF) and shows several symbols in one panel. It has 40 settings, such as Note1, Stoch period and D period. MQL source code included.
Files in the download: dynamic-zone-stochastic.ex4, dynamic-zone-stochastic.mq4, installation manual.txt, BOT_CCI_Oscillator.ex4, enLight_Channel_Draw (1).ex4, enLight_Channel_Draw (1).mq4, enLight_LRChannel_Draw (1).ex4, enLight_LRChannel_Draw (1).mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Note1 | Stochastic | |
| Stoch period | 14 | Period or timeframe used by the calculation |
| D period | 3 | Period or timeframe used by the calculation |
| Slowing | 3 | |
| Draw stochastic | true | |
| Note2 | Bollinger Band | |
| Band period | 18 | Period or timeframe used by the calculation |
| Draw bollinger band | true | |
| Note3 | Exponential Moving Average | |
| Ema period | 3 | Period or timeframe used by the calculation |
| Draw ema | true | |
| Colour | Cyan | Colour on the chart |
| Colour true | LawnGreen | Colour on the chart |
| Colour false | Red | Colour on the chart |
| Clear pole | false | |
| Bars for fract | 0 | |
| Sleep bars | 2 | |
| Start bar | 38 | |
| End bar | 5 | |
| Prev per | false | |
| App price | 0 | |
| S1 | ||
| Lookback | 3 | |
| S2 | ||
| Trend ema period | 1 | Period or timeframe used by the calculation |
| S3 | Alarm Settings: Default M30 timeframe. | |
| Enable alerts | false | Turn this alert on or off |
| Enable break out voice | false | |
| Enable trend change voice | false | |
| S3a | Alarms at this pip distance beyond line | |
| Outside boundry | 10 | |
| Default sound file | alert.wav | Turn this alert on or off |
| S3b | Lines too far apart don't alarm | |
| Maximum separation to alarm | 80 | lines too far apart will not alarm at breakout |
| S3c | Must jump more than this to alarm. | |
| Minimum separation at jump | 100 | min size of line separation to give trend change alarm at jump |
| Line color | DarkSlateGray | Colour on the chart |
| Line size | 0 | |
| All bars | 240 | |
| Rsi period | 13 | 8-25 |
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 · Buy/Sell Arrows · Multi-Timeframe (MTF) · Dashboards & Scanners · RSI · Stochastic · Moving Average · MT4 Indicator · MQL4 Source Code