Wilson Channels
Wilson Channels is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to price channels. Its source code uses RSI, the Stochastic oscillator and an oscillator. It has 6 settings, for example mode (default 0), period (default 32) and overbought Start (default 55). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Wilson Channels
Wilson Channels is an indicator for MetaTrader 4 based on RSI, Stochastic and Oscillator. It has 6 settings, such as Mode, Period and Overbought start. MQL source code included.
Files in the download: Wilson Channels.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Mode | 0 | |
| Period | 32 | Period or timeframe used by the calculation |
| Overbought start | 55 | |
| Overbought end | 75 | |
| Oversold start | 45 | |
| Oversold end | 25 |
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 · RSI · Stochastic · Oscillator · MT4 Indicator · MQL4 Source Code