Forex Custom Bollinger Bands Indicator
Forex Custom Bollinger Bands Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around Bollinger Bands. It has 5 settings, for example Moving Method (default MODE_SMA), Applied Price (default PRICE_CLOSE) and Bands Period (default 20). 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 Custom Bollinger Bands Indicator
Forex Custom Bollinger Bands Indicator is an indicator for MetaTrader 4. It has 5 settings, such as Moving method, Applied price and Bands period. MQL source code included.
Files in the download: custom_bands.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Moving method | MODE_SMA | Moving Average Method |
| Applied price | PRICE_CLOSE | Applied Price |
| Bands period | 20 | Bands Period |
| Bands shift | 0 | Bands Shift |
| Bands deviations | 2.0 | Bands Deviations |
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 · MT4 Indicator · MQL4 Source Code