Forex Squeeze Breakout Bollinger Bands Trading Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Squeeze Breakout Bollinger Bands Trading Strategy. Its name points to Bollinger Bands and breakouts from a range. In the code it works with MACD, RSI, the Stochastic oscillator and moving averages. It draws arrows on the chart and can send alerts. It has 9 settings, for example period (default 10), Boll Period (default 20) and Boll Dev (default 2.0). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 3 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 Squeeze Breakout Bollinger Bands Trading Strategy
Forex Squeeze Breakout Bollinger Bands Trading Strategy is an indicator for MetaTrader 4 based on MACD, 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 9 settings, such as Period, Boll period and Boll dev. MQL source code included.
Files in the download: installation manual.txt, Keltner Channels.mq4, KeltnerChannel_v1.ex4, squeeze breakout.tpl, Squeeze_Break.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Period | 10 | Period or timeframe used by the calculation |
| Boll period | 20 | Period or timeframe used by the calculation |
| Boll dev | 2.0 | |
| Keltner period | 20 | Period or timeframe used by the calculation |
| Keltner mul | 1.5 | |
| Momentum period | 12 | Period or timeframe used by the calculation |
| Back bars | 1000 | |
| Alert on | true | Turn this alert on or off |
| On screen info | true |
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: Breakout · Bollinger Bands · Buy/Sell Arrows · Alerts · MACD · RSI · Stochastic · Moving Average · MT4 Indicator · MQL4 Source Code