Lsma Channel 2
Lsma Channel 2 is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around price channels. It has 11 settings, for example Id Num (default 1), RPeriod (default 28) and Mid Color (default Red). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Lsma Channel 2
Lsma Channel 2 is an indicator for MetaTrader 4. It has 11 settings, such as Id num, R period and Mid color. MQL source code included.
Files in the download: LSMA_Channel.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Id num | 1 | |
| R period | 28 | Period or timeframe used by the calculation |
| Mid color | Red | Colour on the chart |
| Line weight | 1 | |
| Price val | 0 | 0 = Close, 1 = Low, 2 = High |
| St dev outside2 | 2.55 | |
| Outside2 | Red | |
| St dev outside | 1.618 | |
| Outside | Brown | |
| St dev inside | 0.809 | |
| Inside | Green |
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