Forex Standart Deviation MTF Channel Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Standart Deviation MTF Channel Indicator. As the name suggests, the idea behind it is price channels and several timeframes at once. It has 5 settings, for example Bar Period (default 256), Set deviation (default 1.5) and Colour (default White). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Standart Deviation MTF Channel Indicator
Forex Standart Deviation MTF Channel Indicator is an indicator for MetaTrader 4. It has 5 settings, such as Bar period, Set deviation and Colour. MQL source code included.
Files in the download: installation manual.txt, MTF Std Channel.ex4, MTF Std Channel.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Bar period | 256 | Period or timeframe used by the calculation |
| Set deviation | 1.5 | added this user input |
| Colour | White | Colour on the chart |
| Line weight | 1 | |
| Show ray | true |
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 · Multi-Timeframe (MTF) · MT4 Indicator · MQL4 Source Code