Forex Divergence Bollinger Bands Binary Options Strategy
Forex Divergence Bollinger Bands Binary Options Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to Bollinger Bands and divergence between price and an oscillator. Its source code uses divergence checks, RSI and the Stochastic oscillator. It draws arrows on the chart and can send alerts. It has 40 settings, for example a (default : RSI Variables :), RSI Period (default 13) and a1 (default : Price :). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Divergence Bollinger Bands Binary Options Strategy
Forex Divergence Bollinger Bands Binary Options Strategy is an indicator for MetaTrader 4 based on Divergence, RSI and Stochastic. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 40 settings, such as A, Rsi period and A1. MQL source code included.
Files in the download: ATM_RSI Histo TripleStoch Divergence Alert.mq4, binary options strategy one touch divergence with bollinger bands.tpl, installation manual.txt, XIT_FIBS.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| A | : RSI Variables : | |
| Rsi period | 13 | Period or timeframe used by the calculation |
| A1 | : Price : | |
| A2 | : : 0=Close price | |
| A3 | : : 1=Open price | |
| A4 | : : 2=High price | |
| A5 | : : 3=Low price | |
| A6 | : : 4=Median price, (high+low)/2 | |
| A7 | : : 5=Typical price, (high+low+close)/3 | |
| A8 | : : 6=Weighted close price, (high+low+c | |
| Rsi price | 0 | |
| Rsi alerts | false | Turn this alert on or off |
| Rsi histo modify | 1.5 | |
| Rsi histo width | 2 | |
| Rsi histo up color | Blue | Colour on the chart |
| Rsi histo dn color | Red | Colour on the chart |
| Rsi width | 2 | |
| B | : GreyZone Variables : | |
| Gray zone limit | 13 | |
| Gray zone color | DarkGray | Colour on the chart |
| C | : TripleStochastic Variables : | |
| Triple stochastic k period | 21 | Period or timeframe used by the calculation |
| Triple stochastic slowing | 8 | |
| Triple stochastic price | 0 | |
| Triple stochastic width | 2 | |
| Triple stochastic color | Black | Colour on the chart |
| Triple stochastic alerts | false | Turn this alert on or off |
| Triple stochastic level style | 1 | |
| Triple stochastic level width | 1 | |
| Triple stochastic level color | Black | Colour on the chart |
| D | : Divergence Variables : | |
| Show divergence | FALSE | |
| Divergence min bar limit | 8 | |
| Divergence max bar limit | 44 | |
| Divergence confirmation | 3 | |
| Draw divergence lines | FALSE | |
| Divergence alerts | FALSE | Turn this alert on or off |
| Bullish divergence arrow | 108 | SYMBOL_ARROWUP; |
| Bearish divergence arrow | 108 | SYMBOL_ARROWDOWN; |
| Divergence arrow size | 0 |
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 · Divergence · Binary Options · Buy/Sell Arrows · Alerts · RSI · Stochastic · MT4 Indicator · MQL4 Source Code