Forex BB With Fractal Deviation Indicator
Forex BB With Fractal Deviation Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is Bill Williams fractals (swing highs / lows). Its source code uses moving averages. It has 2 settings, for example BB Period (default 13) and Deviation (default 2.618). 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 · v1.0 · Free
About Forex BB With Fractal Deviation Indicator
Forex BB With Fractal Deviation Indicator is an indicator for MetaTrader 4 based on Moving Average. It has 2 settings, such as Bb period and Deviation. MQL source code included.
Files in the download: BBwithFractdev.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Bb period | 13 | Period or timeframe used by the calculation |
| Deviation | 2.618 |
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: Fractals · Moving Average · MT4 Indicator · MQL4 Source Code