Forex MACD Bollinger Squeeze Indicator
This Old Kings indicator for MetaTrader 4 is called Forex MACD Bollinger Squeeze Indicator. Judging by its name, it is built around MACD (moving average convergence / divergence) and Bollinger Bands. In the code it works with MACD, RSI, the Stochastic oscillator and CCI. It draws arrows on the chart. It has 8 settings, for example trigger Type (default 4), stoch Period trigger1 (default 14) and cci Period trigger2 (default 50). 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 MACD Bollinger Squeeze Indicator
Forex MACD Bollinger Squeeze Indicator is an indicator for MetaTrader 4 based on MACD, RSI, Stochastic and CCI. It draws buy and sell arrows on the chart. It has 8 settings, such as Trigger type, Stoch period trigger1 and Cci period trigger2. MQL source code included.
Files in the download: Bollinger Squeeze MACD.ex4, Bollinger Squeeze MACD.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Trigger type | 4 | |
| Stoch period trigger1 | 14 | Number of bars in the calculation |
| Cci period trigger2 | 50 | Number of bars in the calculation |
| Rsi period trigger3 | 10 | Number of bars in the calculation |
| Macd fast ema trigger4 | 5 | |
| Macd slow ema trigger4 | 34 | |
| Macd macd ema trigger4 | 5 | |
| Momentum period trigger5 | 14 | Number of bars in 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 · Bollinger Bands · Buy/Sell Arrows · RSI · Stochastic · CCI · ATR · MT4 Indicator · MQL4 Source Code