Trend Channel System
Trend Channel System — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to price channels and following the trend. Its source code uses moving averages. It draws arrows on the chart and can send alerts. It has 7 settings, for example Signal Gap (default 4), Show Bars (default 500) and repaint (default false). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 4 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 Trend Channel System
Trend Channel System is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 7 settings, such as Signal gap, Show bars and Repaint. MQL source code included.
Files in the download: Border lines.ex4, CCI_NUF_v4 mod~.ex4, kanal-handelssignale.mq4, TrendWave.mq4, Trend Channel System.tpl, Best Forex Strategies.url.
Settings
| Setting | Default | What it does |
|---|---|---|
| Signal gap | 4 | |
| Show bars | 500 | |
| Repaint | false | |
| Wave period | 10 | Period or timeframe used by the calculation |
| Avg period | 21 | Period or timeframe used by the calculation |
| Sound alert | FALSE | Turn this alert on or off |
| Email alert | FALSE | Turn this alert on or off |
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 · Trend · Buy/Sell Arrows · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code