Forex Bollinger Bands Advanced Squeeze Indicator
Forex Bollinger Bands Advanced Squeeze Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is Bollinger Bands. Its source code uses MACD, RSI, the Stochastic oscillator and moving averages. It draws arrows on the chart and can read another timeframe. It has 9 settings, for example Time Frame (default 0), graph (default type:) and graph Type (default 1). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Bollinger Bands Advanced Squeeze Indicator
Forex Bollinger Bands Advanced Squeeze Indicator is an indicator for MetaTrader 4 based on MACD, RSI, Stochastic and Moving Average. It draws buy and sell arrows on the chart and can show data from another timeframe (MTF). It has 9 settings, such as Time frame, Graph and Graph type. MQL source code included.
Files in the download: bb_squeeze_advanced_v2m3bc.ex4, bb_squeeze_advanced_v2m3bc.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | 0 | Period or timeframe used by the calculation |
| Graph | type: | |
| Graph type | 1 | |
| Types | parameters: | |
| Squeeze | parameters: | |
| Squeeze sig level | 0.0001 | |
| Other | parameters: | |
| Bars to count | 900 | |
| Show levels | true |
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 · Multi-Timeframe (MTF) · MACD · RSI · Stochastic · Moving Average · MT4 Indicator · MQL4 Source Code