Forex Stretch Breakout Channel Indicator
Forex Stretch Breakout Channel Indicator is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is price channels and breakouts from a range. It has 2 settings, for example St Period (default 10) and Av Period (default 12). 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 Stretch Breakout Channel Indicator
Forex Stretch Breakout Channel Indicator is an indicator for MetaTrader 4. It has 2 settings, such as St period and Av period. MQL source code included.
Files in the download: installation manual.txt, Stretch.mq4, StretchBreakoutChannel.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| St period | 10 | Period or timeframe used by the calculation |
| Av period | 12 | 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: Breakout · Channels & Envelopes · MT4 Indicator · MQL4 Source Code