Forex Bounce Strength Index Indicator
Forex Bounce Strength Index Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to currency strength across pairs. It has 7 settings, for example Range Period (default 20), Slowing (default 3) and Avg Period (default 14). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Bounce Strength Index Indicator
Forex Bounce Strength Index Indicator is an indicator for MetaTrader 4. It has 7 settings, such as Range period, Slowing and Avg period. MQL source code included.
Files in the download: bouncestrengthindicator_v2.0.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Range period | 20 | Range Period |
| Slowing | 3 | Slowing |
| Avg period | 14 | Avg Period |
| Using volume weight | true | Using TickVolume |
| Reversal noise filter | 5 | Noise Filter |
| Sig color | DarkSlateBlue | Signal Color |
| Slow color | Navy | Slow Color |
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: MT4 Indicator · MQL4 Source Code