Channel20 – indicator for MetaTrader 4

Channel20 – indicator for MetaTrader 4


  • Channel20  is very simple, but very useful, this idea is well known and I just write it.This indicator calculates the highest and the lowest rate of the last N candles (N is an input who is initially  20) this is very useful for detecting new tendencies if the rate break the Channel20 .

  the source code is divided in 2 parts

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  1. the channel20 source code (indicator)
  2. the library wich includes the fuction used by the indicator  

MT4 Indicators – Download Instructions

Momentum is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.Subway provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

How to install the software?

  • Download the mq4 file from the zip file.
  • Copy the mq4 file to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
  • Right click on the mq4 file.
  • Attach to a chart
  • Modify settings or press ok
  • Indicator should be available on your Chart

How to remove tim.mq4 from your Metatrader 4 Chart?

  • Select the Chart where is the Indicator running in your Metatrader Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

MT4 Indicators Download below:

Channel20 – indicator for MetaTrader 4