Forex B Bands Stop Indicator
This Old Kings indicator for MetaTrader 4 is called Forex B Bands Stop Indicator. In the code it works with Bollinger Bands. It draws arrows on the chart. It has 6 settings, for example Length (default 20), Deviation (default 2) and Money Risk (default 1.00). 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 Forex B Bands Stop Indicator
Forex B Bands Stop Indicator is an indicator for MetaTrader 4 based on Bollinger Bands. It draws buy and sell arrows on the chart. It has 6 settings, such as Length, Deviation and Money risk. MQL source code included.
Files in the download: BBands.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Length | 20 | Bollinger Bands Period |
| Deviation | 2 | Deviation |
| Money risk | 1.00 | Offset Factor |
| Signal | 1 | Display signals mode: 1-Signals & Stops; 0-only Stops; 2-only Signals; |
| Line | 1 | Display line mode: 0-no,1-yes |
| Nbars | 1000 |
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 · Bollinger Bands · MT4 Indicator · MQL4 Source Code