Bollinger Squeeze Rainbow Indicators Mq4
Bollinger Squeeze Rainbow Indicators Mq4 is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around Bollinger Bands. Its source code uses MACD, RSI, the Stochastic oscillator and moving averages. It draws arrows on the chart and can send alerts. It has 21 settings, for example trigger Type (default 8), stoch Period trigger1 (default 14) and cci Period trigger2 (default 50). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 14 indicator files 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 Bollinger Squeeze Rainbow Indicators Mq4
Bollinger Squeeze Rainbow Indicators Mq4 is an indicator for MetaTrader 4 based on MACD, RSI, Stochastic and Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 21 settings, such as Trigger type, Stoch period trigger1 and Cci period trigger2. MQL source code included.
Files in the download: bollinger-squeeze-rainbow.tpl, bollinger-squeeze-advanced.mq4, bollinger-squeeze-basic.mq4, keltner-channels.mq4, rainbow-mma-01.mq4, rainbow-mma-02.mq4, rainbow-mma-03.mq4, rainbow-mma-04.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Trigger type | 8 | |
| Stoch period trigger1 | 14 | Number of bars in the calculation |
| Cci period trigger2 | 50 | Number of bars in the calculation |
| Rsi period trigger3 | 14 | Number of bars in the calculation |
| Macd fast ema trigger4 | 12 | |
| Macd slow ema trigger4 | 26 | |
| Macd macd ema trigger4 | 9 | |
| Momentum period trigger5 | 14 | Number of bars in the calculation |
| Williams pr trigger6 | 24 | |
| Adx trigger7 | 14 | |
| Demarker trigger8 | 13 | |
| Total bars | 300 | |
| Bol prd | 20 | |
| Bol dev | 2.0 | |
| Kelt prd | 20 | |
| Kelt factor | 1.5 | |
| Mom prd | 12 | |
| Alert box | false | Turn this alert on or off |
| Audio alert | false | Turn this alert on or off |
| Period | 10 | Period or timeframe used by the calculation |
| Factor | 1.0 |
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: Bollinger Bands · Buy/Sell Arrows · Alerts · MACD · RSI · Stochastic · Moving Average · MT4 Indicator · MQL4 Source Code