Forex Fractional Bands Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Fractional Bands Indicator. In the code it works with moving averages. It can send alerts. It has 5 settings, for example e period (default 30), normal speed (default 30) and PIP Convertor (default 10000). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Fractional Bands Indicator
Forex Fractional Bands Indicator is an indicator for MetaTrader 4 based on Moving Average. It can alert you with a pop-up, sound, email or push message. It has 5 settings, such as E period, Normal speed and Pip convertor. MQL source code included.
Files in the download: fractional_bands.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| E period | 30 | Period or timeframe used by the calculation |
| Normal speed | 30 | |
| Pip convertor | 10000 | |
| Shift | 0 | Bar shift (0 = current bar) |
| E type data | PRICE_CLOSE |
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: Alerts · Moving Average · MT4 Indicator · MQL4 Source Code