Super Channel Trading System
This Old Kings indicator for MetaTrader 4 is called Super Channel Trading System. As the name suggests, the idea behind it is price channels. In the code it works with ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 40 settings, for example dist1 (default 72), shift1 (default 36) and dist2 (default 288). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 9 indicator files 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 Super Channel Trading System
Super Channel Trading System is an indicator for MetaTrader 4 based on ATR. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 40 settings, such as Dist1, Shift1 and Dist2. MQL source code included.
It also is set up for gold (XAUUSD).
Files in the download: !Zeus-Arrow-Filter-4.ex4, 2-super-signals_v2b.ex4, DeltaTrend1.ex4, Renko Super-signals_v3 double.mq4, SS_SupportResistance_v07.52.mq4, Stochastic.ex4, Stochastic.mq4, super-signals-channel.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Dist1 | 72 | |
| Shift1 | 36 | Bar shift (0 = current bar) |
| Dist2 | 288 | |
| Shift2 | 144 | Bar shift (0 = current bar) |
| Alerts on | true | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Sound file | alert2.wav | Turn this alert on or off |
| Back limit | 10000 | |
| Time frame | 0 | Period or timeframe used by the calculation |
| Time string | 0=Current, 15=M15, 30=M30, 60=H1, 240=H4 | |
| Show zones | ==========SHOW ZONES========== | |
| Zone show untested | true | |
| Zone show verified | true | |
| Zone show truncoat | true | |
| Zone show weak | false | |
| Zone show possible | false | |
| Zone showbroken | false | |
| Zone alerts | ==========ZONE ALERTS========== | Turn this alert on or off |
| Zone show alerts | true | Turn this alert on or off |
| Zone alert popups | true | Turn this alert on or off |
| Zone alert sounds | true | Turn this alert on or off |
| Send email | false | Turn this alert on or off |
| Use push | false | Turn this alert on or off |
| Zone alert waitseconds | 300 | Turn this alert on or off |
| Style zones | ==========STYLE ZONES========== | |
| Zone merge | true | |
| Zone extend | false | |
| Zone solid | false | |
| Zone linewidth | 1 | |
| Zone style | 0 | |
| Shift end right | 3 | extend the end of zones 3 bars beyond last bar |
| Zone limit | 1000 | |
| Zone show info | true | |
| Zone show size | true | |
| Zone label shift | 3 | Bar shift (0 = current bar) |
| Color label | clrWhite | Label color |
| Font label | Courier New | Label Font |
| Size label | 9 | Label size |
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 · Alerts · Multi-Timeframe (MTF) · Gold (XAUUSD) · ATR · MT4 Indicator · MQL4 Source Code