Forex Bollinger Bands Modified Info Indicator
Forex Bollinger Bands Modified Info Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is Bollinger Bands and an information panel on the chart. This copy is a modified edition. Its source code uses moving averages. It draws arrows on the chart. It has 17 settings, for example my Chart X (default 10), my Chart Y (default 100) and my Corner (default 1). 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 Bollinger Bands Modified Info Indicator
Forex Bollinger Bands Modified Info Indicator is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart. It has 17 settings, such as My chart x, My chart y and My corner. MQL source code included.
Files in the download: BollingerBands_MODIFIED.ex4, BollingerBands_MODIFIED.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| My chart x | 10 | |
| My chart y | 100 | |
| My corner | 1 | |
| My font | Courier New | |
| My font size | 12 | |
| My line width | 3 | |
| My box width | 3 | |
| Bands period | 20 | Period or timeframe used by the calculation |
| Bands shift | 0 | Bar shift (0 = current bar) |
| Bands deviations | 2.0 | |
| Color head | Orange | Colour on the chart |
| Color top | Chocolate | Colour on the chart |
| Color mid | Chocolate | Colour on the chart |
| Color bot | Chocolate | Colour on the chart |
| Color up | Lime | Colour on the chart |
| Color eq | Yellow | Colour on the chart |
| Color dn | Red | Colour on the chart |
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 · Moving Average · MT4 Indicator · MQL4 Source Code