1B Obbsqueeze
1B Obbsqueeze is an indicator for MetaTrader 4 from the Old Kings collection. Its source code uses moving averages and ATR. It draws arrows on the chart. It has 5 settings, for example bol Prd (default 5), bol Dev (default 3.0) and kelt Prd (default 16). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About 1B Obbsqueeze
1B Obbsqueeze is an indicator for MetaTrader 4 based on Moving Average and ATR. It draws buy and sell arrows on the chart. It has 5 settings, such as Bol prd, Bol dev and Kelt prd. MQL source code included.
Files in the download: 1BObbsqueeze.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Bol prd | 5 | |
| Bol dev | 3.0 | |
| Kelt prd | 16 | |
| Kelt factor | 1.2 | |
| Mom prd | 12 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Buy/Sell Arrows · Moving Average · ATR · MT4 Indicator · MQL4 Source Code