Silver channels Indicator For MT4

Silver channels Indicator For MT4

The Silver channels Indicator For MT4 plots 8 distinct lines that divide the price range of an underlying asset in to separate channels. Typically, the indicator is placed on the Ichimoku Cloud to locate potential support-resistance levels.

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Installing the Silver channels Indicator For MT4

After you downloaded the indicator via the form above you need to unzip the zip-file. Then you need to copy the file Silver-channels.mq4 into the folder MQL4\Indicators of your MT4 installation. After that please restart MT4 and then you will be able to see the indicator in the list of indicators.

Parameters of the Silver channels Indicator For MT4

The Silver channels Indicator For MT4 has 7 parameters to configure.

extern int Shift=3;
extern int TSP=9;
extern int SSP=26;
extern double SilvCh=38.2;
extern double SkyCh=23.6;
extern double ZenCh=0;
extern double FutCh=61.8;

Buffers of the Silver channels Indicator For MT4

The Silver channels Indicator For MT4 provides 8 buffers.

SetIndexBuffer(0,SCH_BufferH);
SetIndexBuffer(1,SCH_BufferL);
SetIndexBuffer(2,Sky_BufferH);
SetIndexBuffer(3,Sky_BufferL);
SetIndexBuffer(4,Zen_BufferH);
SetIndexBuffer(5,Zen_BufferL);
SetIndexBuffer(6,Fut_BufferL);
SetIndexBuffer(7,Fut_BufferH);

Main Parts Of The Code

int start()
  {
   int    i,k;
   int    counted_bars=IndicatorCounted(); // òåêóùèé áàð äëÿ ðàñ÷åòà èíäèêàòîðà
   double high,low,price;
//----
   if(Bars lt =SSP) return(0); // åñëè áàðîâ ìåíüøå Êèäæóí-ïåðèîäà íàôèã
//---- initial zero
   if(counted_bars lt 1) // åñëè òåêóùèé áàð ìåíüøå åäèíèöû - íàôèã ñ ïëÿæà, óñòàíàâëèâàåì âñå â íóëè
     {
      for(i=1;i lt =SSP;i++) SCH_BufferH[Bars-i]=0; SCH_BufferL[Bars-i]=0; Sky_BufferH[Bars-i]=0; Sky_BufferL[Bars-i]=0; Zen_BufferH[Bars-i]=0; Zen_BufferL[Bars-i]=0; Fut_BufferL[Bars-i]=0; Fut_BufferH[Bars-i]=0;
     }
//---- ñòàíäàðòíûå âû÷èñëåíèÿ äî 0-ãî áàðà
   i=Bars-SSP;
   if(counted_bars gt SSP) i=Bars-counted_bars-1;
   while(i gt =0)
     {
      high=High[i]; low=Low[i]; k=i-1+SSP;
      while(k gt =i)
        {
         price=High[k];
         if(high lt price) high=price;
         price=Low[k];
         if(low gt price)  low=price;
         k--;
        } // âñå ïîñ÷èòàëè - çàïèñûâàåì çíà÷åíèÿ òî÷êè â ìàññèâ èíäèêàòîðà
      SCH_BufferL[i+Shift]=low+(high-low)*SilvCh/100;
      SCH_BufferH[i+Shift]=high-(high-low)*SilvCh/100;
      Sky_BufferL[i+Shift]=low+(high-low)*SkyCh/100;
      Sky_BufferH[i+Shift]=high-(high-low)*SkyCh/100;
      Zen_BufferL[i+Shift]=low;
      Zen_BufferH[i+Shift]=high;
      Fut_BufferL[i]=low-(high-low)*FutCh/100;
      Fut_BufferH[i]=high+(high-low)*FutCh/100;
      i--; // äâèãàåì ñ÷åò÷èê
     } i=Shift-1; // Ñ÷èòàåì òî÷êè ñäâèãà - ñïðàâà îò íóëåâîãî i=Shift-1;
   while(i gt =0)
     {
      high=High[0]; low=Low[0]; k=SSP-Shift-1+i; // êàæäûé ñëåäóþùèé óìåíüøàåò ïåðèîä k=SSP-Shift+i;
      while(k gt =0)
        {
         price=High[k];
         if(high lt price) high=price;
         price=Low[k];
         if(low gt price)  low=price;
         k--;
        } // çàïèñûâàåì çíà÷åíèÿ â ìàññèâ
      SCH_BufferL[i]=low+(high-low)*SilvCh/100;
      SCH_BufferH[i]=high-(high-low)*SilvCh/100;
      Sky_BufferL[i]=low+(high-low)*SkyCh/100;
      Sky_BufferH[i]=high-(high-low)*SkyCh/100;
      Zen_BufferL[i]=low;
      Zen_BufferH[i]=high;
      i--;
     }
   }
//+------------------------------------------------------------------+

 

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