Bs Magic
Bs Magic is an indicator for MetaTrader 4 from the Old Kings collection. Its source code uses Bollinger Bands. It draws arrows on the chart and can send alerts. It has 7 settings, for example Step (default 0.02), Maximum (default 0.2) and Signal Period (default 12). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 4 indicator files with source code (.mq4) you can open and edit in MetaEditor and a PDF guide. 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 Bs Magic
Bs Magic is an indicator for MetaTrader 4 based on Bollinger Bands. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 7 settings, such as Step, Maximum and Signal period. MQL source code included.
Files in the download: buysell-magic.pdf, indicator01.ex4, indicator01.mq4, indicator02.ex4, indicator02.mq4, buysell-magic.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Step | 0.02 | Distance between orders |
| Maximum | 0.2 | |
| Signal period | 12 | Period or timeframe used by the calculation |
| Arrow period | 2 | Period or timeframe used by the calculation |
| Sl pips | 100 | Stop loss distance |
| Alert on | TRUE | Turn this alert on or off |
| TRUE | Turn this alert on or off |
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 · Alerts · Bollinger Bands · MT4 Indicator · MQL4 Source Code