Channel20 MetaTrader 4 Forex Indicator its a very simple indicator, but same way its very useful! This idea is well known and we only confirm this. Channel20 Indicator calculates the highest / lowest rate of the last N candles (N is an input who is initially 20) its useful for detecting new tendencies if the rate break the Channel20
Source code divided in two parts
- the library wich includes the fuction used by the indicator
- the channel20 source code (indicator).
Channel20 MT4 Indicator – Download Instructions
In order to transform accumulated history data, you need to install a MetaTrader 4
Channel20 - it is a MetaTrader 4 indicator that allows you to detect several changes and dynamics in price that many traders can’t estimate or see without an indicator, which highlights its essence and usage.
Accordingly, traders can draw conclusions and make estimates about how the prices will change based on the information they have and then they can modify their strategy for better trading.
How To Install Channel20 MT4 indicator for MetaTrader 4.mq4?
Download indicator for MetaTrader 4.mq4
Copy Channel20 MT4 to Directory / experts / indicators /
Start or restart your Metatrader 4 Client
Select Chart and Timeframe where you want to test your mt4 indicator
Search “Custom Indicators” in your Navigator mostly left in your Metatrader 4 Client
Right click on Channel20 MT4 for MetaTrader 4.mq4
Attach to a chart
Modify settings or press ok
Indicator for MetaTrader 4.mq4 is available on your Chart
How to remove Channel20 MT4 Indicator for MetaTrader 4.mq4 from your Metatrader 4 Chart?
Select the Chart where is the Indicator running in your Metatrader 4 Client
Right click into the Chart
Select the Indicator and delete
Related Indicator: LinesProfitLoss MetaTrader 4 Forex Indicator
Questions about this indicator? Ask our community
Download Channel20 MetaTrader 4 Indicator