Micro Donchian Meter Ind
Micro Donchian Meter Ind — MT4 indicator, supplied with source code and a compiled file. Source metadata: ID 9568 | Micro Donchian Meter Ind Algorithm: DONCHIAN_CHANNEL_POSITION Declared inputs include: CatalogId, SourceTimeframe, FastPeriod, SlowPeriod, SignalPeriod, Lookback, MaxBars, BullThreshold, BearThreshold, ArrowOffsetPoints. Description extracted from the supplied source metadata. Compilation compatibility, runtime behavior and trading results have not been independently verified.
Indicator · MT4 · v1.00 · Free
About Micro Donchian Meter Ind
Micro Donchian Meter Ind is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 10 settings, such as Catalog id, Source timeframe and Fast period. MQL source code included.
Files in the download: Micro_Donchian_Meter_Ind.mq4, Micro_Donchian_Meter_Ind.ex4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Catalog id | 9568 | |
| Source timeframe | PERIOD_CURRENT | Period or timeframe used by the calculation |
| Fast period | 21 | Period or timeframe used by the calculation |
| Slow period | 56 | Period or timeframe used by the calculation |
| Signal period | 5 | Period or timeframe used by the calculation |
| Lookback | 39 | |
| Max bars | 1500 | |
| Bull threshold | 54.0 | |
| Bear threshold | 46.0 | |
| Arrow offset points | 21 |
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 · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code