ALMA V2 Atr Bands
From the Old Kings archive: ALMA V2 Atr Bands, an indicator for MetaTrader 4. As the name suggests, the idea behind it is ATR volatility. The file name marks it as version 2. In the code it works with moving averages and ATR. It can send alerts. It has 13 settings, for example Price (default 0), Window Size (default 9) and Sigma (default 6.0). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 · v2 · Free
About ALMA V2 Atr Bands
ALMA V2 Atr Bands is an indicator for MetaTrader 4 based on Moving Average and ATR. It can alert you with a pop-up, sound, email or push message. It has 13 settings, such as Price, Window size and Sigma. MQL source code included.
Files in the download: ALMA_v2 atr bands.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Price | 0 | Price Mode (0...6) |
| Window size | 9 | Window Size |
| Sigma | 6.0 | Sigma parameter |
| Offset | 0.85 | Offset of Gaussian distribution (0...1) |
| Neg add | 0 | |
| Pct filter | 0 | Dynamic filter in decimal |
| Shift | 0 | Bar shift (0 = current bar) |
| Atr period | 30 | Atr period |
| KATR | 1.618 | Atr deviation |
| Color mode | 1 | 0-on,1-off |
| Color bar back | 0 | Colour on the chart |
| Alert mode | 0 | Sound Alert switch (0-off,1-on) |
| Warning mode | 0 | Sound Warning switch(0-off,1-on) |
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: ATR · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code