This indicator is based upon the Channels indicator. It calculates, percentagewise, whether price action is towards the top or bottom of the channel.
MT4 Indicator Download – Instructions
ChannelBalance is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
ChannelBalance 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 ChannelBalance.mq4?
- Download ChannelBalance.mq4
- Copy ChannelBalance.mq4 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 ChannelBalance.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator ChannelBalance.mq4 is available on your Chart
How to remove ChannelBalance.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: