Forex Bollinger Bands Better Version Indicator
Forex Bollinger Bands Better Version Indicator is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to Bollinger Bands. Its source code uses moving averages. It draws arrows on the chart and can send alerts. It has 4 settings, for example my Box Width (default 3), Bands Length (default 20) and Bands Deviation (default 2.0). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Better Version Indicator
Forex Bollinger Bands Better Version Indicator is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 4 settings, such as My box width, Bands length and Bands deviation. MQL source code included.
Files in the download: installation manual.txt, modified_version_better_bollinger_bands.ex4, modified_version_better_bollinger_bands.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| My box width | 3 | |
| Bands length | 20 | |
| Bands deviation | 2.0 | |
| Applied price | PRICE_CLOSE |
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 · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code