Forex Momentum Filter Bollinger Bands Trading Strategy
Forex Momentum Filter Bollinger Bands Trading Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to price momentum and Bollinger Bands. Its source code uses RSI, the Stochastic oscillator and moving averages. It draws arrows on the chart and can send alerts. It has 12 settings, for example Faster EMA (default 5), Slower EMA (default 6) and Alert On (default false). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 9 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 Momentum Filter Bollinger Bands Trading Strategy
Forex Momentum Filter Bollinger Bands Trading Strategy is an indicator for MetaTrader 4 based on RSI, Stochastic and Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 12 settings, such as Faster ema, Slower ema and Alert on. MQL source code included.
Files in the download: EMA-Crossover_Signal.ex4, EMA-Crossover_Signal.mq4, FIB - STC2.ex4, Fibonacci Pivots.ex4, installation manual.txt, i_TDI_MA_01.ex4, i_TDI_MA_01.mq4, MA crossover signal candles.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Faster ema | 5 | |
| Slower ema | 6 | |
| Alert on | false | added by raymie69 |
| Simple tp | 5 | |
| Rsi period | 13 | 8-25 |
| Rsi price | 0 | 0-6 |
| Volatility band | 34 | 20-40 |
| Rsi price line | 2 | |
| Rsi price type | 0 | 0-3 |
| Trade signal line | 7 | |
| Trade signal type | 0 | 0-3 |
| Slow period | 16 | 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: Bollinger Bands · Momentum · Buy/Sell Arrows · Alerts · RSI · Stochastic · Moving Average · MT4 Indicator · MQL4 Source Code