Forex Bollinger Bands Toucher Indicator
From the Old Kings archive: Forex Bollinger Bands Toucher Indicator, an indicator for MetaTrader 4. As the name suggests, the idea behind it is Bollinger Bands. In the code it works with Bollinger Bands. It draws arrows on the chart. It has 3 settings, for example Boba Period (default 20), Boba Deviations (default 2) and Use Sound (default true). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 1 indicator file 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 Toucher Indicator
Forex Bollinger Bands Toucher Indicator is an indicator for MetaTrader 4 based on Bollinger Bands. It draws buy and sell arrows on the chart. It has 3 settings, such as Boba period, Boba deviations and Use sound. MQL source code included.
Files in the download: BolliToucher.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Boba period | 20 | Period or timeframe used by the calculation |
| Boba deviations | 2 | |
| Use sound | true | 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 · MT4 Indicator · MQL4 Source Code