Forex Price Channel MACD Binary Options Strategy
From the Old Kings archive: Forex Price Channel MACD Binary Options Strategy, an indicator for MetaTrader 4. Judging by its name, it is built around MACD (moving average convergence / divergence) and price channels. In the code it works with moving averages and ATR. It draws arrows on the chart and can read another timeframe. It has 15 settings, for example Fast EMA (default 12), Slow EMA (default 26) and Signal SMA (default 9). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 4 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 Price Channel MACD Binary Options Strategy
Forex Price Channel MACD Binary Options Strategy is an indicator for MetaTrader 4 based on Moving Average and ATR. It draws buy and sell arrows on the chart and can show data from another timeframe (MTF). It has 15 settings, such as Fast ema, Slow ema and Signal sma. MQL source code included.
Files in the download: installation manual.txt, MACD^RSI - arrows.ex4, MACD^RSI - arrows.mq4, Price channnel with MACD RSI.tpl, PriceChannel_osc_mtf_sw.ex4, PriceChannel_osc_mtf_sw.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Fast ema | 12 | |
| Slow ema | 26 | |
| Signal sma | 9 | |
| Rsi period | 14 | Period or timeframe used by the calculation |
| Caliber | 4.0 | need for RSI caliber |
| Show arrows for macd cross | true | |
| Show arrows for rsi cross | true | |
| Show arrows for macd rsi cross | true | |
| Arrows identifier | macdRsiArrows1 | |
| Arrows up color1 | DeepSkyBlue | Colour on the chart |
| Arrows dn color1 | Red | Colour on the chart |
| Arrows up color2 | PaleVioletRed | Colour on the chart |
| Arrows dn color2 | Gold | Colour on the chart |
| Time frame | 0 | Period or timeframe used by the calculation |
| Range | 14 |
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: MACD · Channels & Envelopes · Binary Options · Buy/Sell Arrows · Multi-Timeframe (MTF) · Moving Average · ATR · MT4 Indicator · MQL4 Source Code