Bollinger Squeeze V5
Bollinger Squeeze V5 is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is Bollinger Bands. This copy is version 5. Its source code uses CCI and ATR. It draws arrows on the chart. It has 5 settings, for example bol Prd (default 20), bol Dev (default 2.0) and kelt Prd (default 20). Load it on a demo chart and check whether its signals repaint before trusting them. 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 · v5 · Free
About Bollinger Squeeze V5
Bollinger Squeeze V5 is an indicator for MetaTrader 4 based on CCI 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: Bollinger Squeeze v5.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Bol prd | 20 | |
| Bol dev | 2.0 | |
| Kelt prd | 20 | |
| Kelt factor | 1.5 | |
| Cci period | 50 | Period or timeframe used by the calculation |
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 · CCI · ATR · MT4 Indicator · MQL4 Source Code