Forex Day Bollinger Bands Trading Indicator
From the Old Kings archive: Forex Day Bollinger Bands Trading Indicator, an indicator for MetaTrader 4. Its name points to Bollinger Bands. In the code it works with Bollinger Bands. It draws arrows on the chart and can send alerts. It has 4 settings, for example Deviation (default 3), Bands shift (default 1) and Applied price (default 0). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Day Bollinger Bands Trading Indicator
Forex Day Bollinger Bands Trading Indicator is an indicator for MetaTrader 4 based on Bollinger Bands. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 4 settings, such as Deviation, Bands shift and Applied price. MQL source code included.
Files in the download: installation manual.txt, i_daybb_v1_1.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Deviation | 3 | |
| Bands shift | 1 | Bar shift (0 = current bar) |
| Applied price | 0 | |
| Days for calculation | 2 |
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 · Alerts · MT4 Indicator · MQL4 Source Code