SMA_Channel - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources
The SMA_Channel indicator is a 1 Moving Average (SMA) based indicator that will draw a channel on the chart. The indicator uses 2 drawing styles, the user can choose 1 or 2 in the settings. If you use PlotStyle 1, it will plot the channels as lines, if you use 2, it will plot them as bars.
Attachment download
📎 sma_channel.mq4 (3.29 KB)
Source: MQL5 #41301
SMA_Channel - MetaTrader 4 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
SMA_Channel - MetaTrader 4 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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