Forex MACD BB Updated V2 Indicator
From the Old Kings archive: Forex MACD BB Updated V2 Indicator, an indicator for MetaTrader 4. Its name points to MACD (moving average convergence / divergence). The file name marks it as version 2. In the code it works with moving averages and Bollinger Bands. It has 2 settings, for example BBMACD V2 (default Copyright 2014 3RJ ~ Ro) and Trend Period (default 66). 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 · v2 · Free
About Forex MACD BB Updated V2 Indicator
Forex MACD BB Updated V2 Indicator is an indicator for MetaTrader 4 based on Moving Average and Bollinger Bands. It has 2 settings, such as Bbmacd v2 and Trend period. MQL source code included.
Files in the download: bbmacd_v2_update_1.ex4, bbmacd_v2_update_1.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Bbmacd v2 | Copyright 2014 3RJ ~ Roy Philips-Jacobs | |
| Trend period | 66 | Period or timeframe used by the calculation |
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: MACD · Moving Average · Bollinger Bands · MT4 Indicator · MQL4 Source Code