Forex Bulls Bears Weighted Smoothed Indicator
Forex Bulls Bears Weighted Smoothed Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. Its source code uses moving averages. It has 5 settings, for example Calc Period (default 50), Calc Price (default PRICE_CLOSE) and Calc Ma Method (default MODE_SMA). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Bulls Bears Weighted Smoothed Indicator
Forex Bulls Bears Weighted Smoothed Indicator is an indicator for MetaTrader 4 based on Moving Average. It has 5 settings, such as Calc period, Calc price and Calc ma method. MQL source code included.
Files in the download: installation manual.txt, weighted bulls-bears - smoothed.ex4, weighted bulls-bears - smoothed.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Calc period | 50 | Calculation period |
| Calc price | PRICE_CLOSE | Price |
| Calc ma method | MODE_SMA | MaMethod for price smoothing |
| Calc ma period | 1 | period for price smoothing |
| Show histo | true | Display histogram? |
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: Moving Average · MT4 Indicator · MQL4 Source Code