Forex Parallel Channels Binary Options Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Parallel Channels Binary Options Strategy. As the name suggests, the idea behind it is price channels. In the code it works with moving averages and ATR. It has 3 settings, for example Base Period (default 120), Shift Channel (default 0) and Shift ATRPeriod (default 1). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 6 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 Parallel Channels Binary Options Strategy
Forex Parallel Channels Binary Options Strategy is an indicator for MetaTrader 4 based on Moving Average and ATR. It has 3 settings, such as Base period, Shift channel and Shift atr period. MQL source code included.
Files in the download: GOLD999B.ex4, installation manual.txt, iStochTxt.ex4, KFSE Candle TF1Hr_Swing.ex4, KFSE RSI_Bars_Swing.ex4, Parallel Channels Binary System.tpl, Parallel channels.ex4, Parallel channels.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Base period | 120 | Period or timeframe used by the calculation |
| Shift channel | 0 | Bar shift (0 = current bar) |
| Shift atr period | 1 | Period or timeframe used by the calculation |
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 · Binary Options · Moving Average · ATR · MT4 Indicator · MQL4 Source Code