Ma Channels Fibonacci Indicator
From the Old Kings archive: Ma Channels Fibonacci Indicator, an indicator for MetaTrader 4. Judging by its name, it is built around Fibonacci retracement or extension levels, moving averages and price channels. In the code it works with moving averages. It has 5 settings, for example Bars Count (default 500), MAPeriod (default 100) and MAMethod (default MODE_SMA). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Ma Channels Fibonacci Indicator
Ma Channels Fibonacci Indicator is an indicator for MetaTrader 4 based on Moving Average. It has 5 settings, such as Bars count, Ma period and Ma method. MQL source code included.
Files in the download: ma-channels-fibonacci-indicator.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Bars count | 500 | |
| Ma period | 100 | Period or timeframe used by the calculation |
| Ma method | MODE_SMA | |
| Ma price | PRICE_CLOSE | |
| Fontsize | 10 |
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: Moving Average · Fibonacci · Channels & Envelopes · MT4 Indicator · MQL4 Source Code