Forex Bollinger Squeeze Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Bollinger Squeeze Indicator. Judging by its name, it is built around Bollinger Bands. In the code it works with MACD, RSI, the Stochastic oscillator and CCI. It draws arrows on the chart. It has 8 settings, for example trigger Type (default 4), stoch Period trigger1 (default 14) and cci Period trigger2 (default 50). 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 Squeeze Indicator
Forex Bollinger Squeeze Indicator is an indicator for MetaTrader 4 based on MACD, RSI, Stochastic and CCI. It draws buy and sell arrows on the chart. It has 8 settings, such as Trigger type, Stoch period trigger1 and Cci period trigger2. MQL source code included.
Files in the download: installation manual.txt, my_squeeze_Light.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Trigger type | 4 | |
| Stoch period trigger1 | 14 | Number of bars in the calculation |
| Cci period trigger2 | 50 | Number of bars in the calculation |
| Rsi period trigger3 | 10 | Number of bars in the calculation |
| Macd fast ema trigger4 | 5 | |
| Macd slow ema trigger4 | 13 | |
| Macd macd ema trigger4 | 1 | |
| Momentum period trigger5 | 14 | Number of bars in the calculation |
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 · MACD · RSI · Stochastic · CCI · ATR · MT4 Indicator · MQL4 Source Code