Forex Bollinger Bands Fibo True Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Bollinger Bands Fibo True Indicator. Judging by its name, it is built around Fibonacci retracement or extension levels and Bollinger Bands. In the code it works with moving averages and ATR. It draws arrows on the chart and can send alerts. It has 9 settings, for example Bands Period (default 20), Bands Shift (default 0) and Periods ATR (default 20). 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 Fibo True Indicator
Forex Bollinger Bands Fibo True Indicator is an indicator for MetaTrader 4 based on Moving Average and ATR. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 9 settings, such as Bands period, Bands shift and Periods atr. MQL source code included.
Files in the download: Bands_Fibo_True.ex4, Bands_Fibo_True.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Bands period | 20 | Period or timeframe used by the calculation |
| Bands shift | 0 | Bar shift (0 = current bar) |
| Periods atr | 20 | Number of bars in the calculation |
| Alerts | www.expforex.com | Turn this alert on or off |
| Aler t | true | Turn this alert on or off |
| true | ||
| Push | true | Turn this alert on or off |
| Arrow | true | |
| Shift | 1 | 0 - 1 - |
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 · Fibonacci · Buy/Sell Arrows · Alerts · Moving Average · ATR · MT4 Indicator · MQL4 Source Code