Forex Bollinger Bands Squeeze V4 Indicator
Forex Bollinger Bands Squeeze V4 Indicator is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is Bollinger Bands. This copy is version 4. Its source code uses moving averages and ATR. It draws arrows on the chart. It has 5 settings, for example bol Prd (default 20), bol Dev (default 2.0) and kelt Prd (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 · v4 · Free
About Forex Bollinger Bands Squeeze V4 Indicator
Forex Bollinger Bands Squeeze V4 Indicator is an indicator for MetaTrader 4 based on Moving Average and ATR. It draws buy and sell arrows on the chart. It has 5 settings, such as Bol prd, Bol dev and Kelt prd. MQL source code included.
Files in the download: Bollinger Squeeze v4.ex4, Bollinger Squeeze v4.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Bol prd | 20 | |
| Bol dev | 2.0 | |
| Kelt prd | 20 | |
| Kelt factor | 1.5 | |
| Mom prd | 12 |
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 · ATR · MT4 Indicator · MQL4 Source Code