Forex BO Bollinger Bands Indicator
Forex BO Bollinger Bands Indicator is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is Bollinger Bands. Its source code uses moving averages. It has 3 settings, for example Bands Period (default 20), Bands Deviations (default 1.0) and MA Period (default 9). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 2 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 Forex BO Bollinger Bands Indicator
Forex BO Bollinger Bands Indicator is an indicator for MetaTrader 4 based on Moving Average. It has 3 settings, such as Bands period, Bands deviations and Ma period. MQL source code included.
Files in the download: BOBB_V1.mq4, BOBB_V2.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Bands period | 20 | Period or timeframe used by the calculation |
| Bands deviations | 1.0 | |
| Ma period | 9 | 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 · Moving Average · MT4 Indicator · MQL4 Source Code