NB SHI Channel True
From the Old Kings archive: NB SHI Channel True, an indicator for MetaTrader 5. Its name points to price channels. It draws arrows on the chart. It has 5 settings, for example All Bars (default 240), Bars For Fract (default 0) and Up Channel Color (default Lime). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 1 indicator file with source code (.mq5) 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 · MT5 · v1.0 · Free
About NB SHI Channel True
NB SHI Channel True is an indicator for MetaTrader 5. It draws buy and sell arrows on the chart. It has 5 settings, such as All bars, Bars for fract and Up channel color. MQL source code included.
Files in the download: NB_SHI_Channel_true.mq5.
Settings
| Setting | Default | What it does |
|---|---|---|
| All bars | 240 | |
| Bars for fract | 0 | |
| Up channel color | Lime | Colour on the chart |
| Md channel color | Blue | Colour on the chart |
| Dn channel color | Red | Colour on the chart |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 5 open File → Open Data Folder, then go to MQL5 → Indicators.
- Copy the .mq5 file(s) there. Put any .mqh files in MQL5 → Include.
- Open the .mq5 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 · MT5 Indicator · MQL5 Source Code