Heiken Ashi Donchian Channel
Heiken Ashi Donchian Channel — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to Donchian channels, Heiken Ashi candles and price channels. Its source code uses moving averages. It draws arrows on the chart. It has 7 settings, for example SR (default 3), SRZZ (default 12) and Main RZZ (default 20). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 7 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 Heiken Ashi Donchian Channel
Heiken Ashi Donchian Channel is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart. It has 7 settings, such as SR, SRZZ and Main rzz. MQL source code included.
Files in the download: ArrZZx2.ex4, ArrZZx2~.mq4, CCI_Woodies_Lnx_v6.ex4, Donchian Channels.ex4, Heiken Ashi.ex4, Pj-over RSI.ex4, Signal Trend.ex4, HeikenAshiDonchianChannel.tpl ….
Settings
| Setting | Default | What it does |
|---|---|---|
| SR | 3 | |
| SRZZ | 12 | |
| Main rzz | 20 | |
| FP | 21 | |
| SMF | 3 | |
| Draw zz | FALSE | |
| Price const | 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: Heiken Ashi · Channels & Envelopes · Buy/Sell Arrows · Moving Average · MT4 Indicator · MQL4 Source Code