Forex Volatility Step Channel Indicator
Forex Volatility Step Channel Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to market volatility and price channels. It has 8 settings, for example Fast Period (default 10), Slow Period (default 70) and Ma Method (default MODE_SMMA). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Volatility Step Channel Indicator
Forex Volatility Step Channel Indicator is an indicator for MetaTrader 4. It has 8 settings, such as Fast period, Slow period and Ma method. MQL source code included.
Files in the download: basevolatility.mq4, installation manual.txt, volatility_step_channel.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Fast period | 10 | Fast Period |
| Slow period | 70 | Slow Period |
| Ma method | MODE_SMMA | Ma Method |
| Scale factor | 2.0 | Scale factor |
| Ma period | 3 | Smooth Period |
| Description1 | --- For BaseVolatility Indicator --- | |
| Description2 | --- 1:Simple Mode 2:hybrid Mode --- | |
| Mode | 2 | 1:Simple Mode 2:hybrid Mode |
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 · MT4 Indicator · MQL4 Source Code