Forex Bollinger Bands Squeeze Basic Indicator
Forex Bollinger Bands Squeeze Basic Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to Bollinger Bands. Its source code uses ATR and Momentum. It draws arrows on the chart and can send alerts. It has 8 settings, for example total Bars (default 300), bol Prd (default 20) and bol Dev (default 2.0). 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 Squeeze Basic Indicator
Forex Bollinger Bands Squeeze Basic Indicator is an indicator for MetaTrader 4 based on ATR and Momentum. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 8 settings, such as Total bars, Bol prd and Bol dev. MQL source code included.
Files in the download: Bollinger Squeeze Basic.ex4, Bollinger Squeeze Basic.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Total bars | 300 | |
| Bol prd | 20 | |
| Bol dev | 2.0 | |
| Kelt prd | 20 | |
| Kelt factor | 1.5 | |
| Mom prd | 12 | |
| Alert box | false | Turn this alert on or off |
| Audio alert | false | Turn this alert on or off |
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 · ATR · Momentum · MT4 Indicator · MQL4 Source Code