SHI Channel True Fractals.mq4
SHI Channel True Fractals.mq4 is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is Bill Williams fractals (swing highs / lows) and price channels. It draws arrows on the chart. It has 2 settings, for example All Bars (default 240) and Bars For Fract (default 0). 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 True Fractals.mq4
SHI Channel True Fractals.mq4 is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 2 settings, such as All bars and Bars for fract. MQL source code included.
Files in the download: SHI_Channel_true_fractals.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| All bars | 240 | |
| Bars for fract | 0 |
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: Fractals · Channels & Envelopes · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code