Forex Regression Сhannel Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Regression Сhannel Indicator. In the code it works with moving averages. It has 8 settings, for example Number Name (default 1), i Period (default 21) and MAShoot (default 50). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 1 indicator file 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 Regression Сhannel Indicator
Forex Regression Сhannel Indicator is an indicator for MetaTrader 4 based on Moving Average. It has 8 settings, such as Number name, I period and Ma shoot. MQL source code included.
Files in the download: installation manual.txt, regression_channel.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Number name | 1 | |
| I period | 21 | Period or timeframe used by the calculation |
| Ma shoot | 50 | |
| Draw vertical | True | |
| Draw text | True | |
| Show ma | True | |
| Line weight | 1 | |
| Bars count | 0 |
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: Moving Average · MT4 Indicator · MQL4 Source Code