SHI Channel Colour Talk
This Old Kings indicator for MetaTrader 4 is called SHI Channel Colour Talk. Its name points to price channels. It draws arrows on the chart and shows an on-chart panel. It has 5 settings, for example All Bars (default 240), Bars For Fract (default 0) and Channel Alert (default 50). 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 SHI Channel Colour Talk
SHI Channel Colour Talk is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart and shows several symbols in one panel. It has 5 settings, such as All bars, Bars for fract and Channel alert. MQL source code included.
Files in the download: SHI_Channel_Colour_Talk.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| All bars | 240 | |
| Bars for fract | 0 | |
| Channel alert | 50 | Turn this alert on or off |
| Slope alert | 25 | Turn this alert on or off |
| Channel talk | true |
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 · Dashboards & Scanners · MT4 Indicator · MQL4 Source Code