Forex Squeeze Reversal Bollinger Bands Trading Strategy
Forex Squeeze Reversal Bollinger Bands Trading Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to Bollinger Bands and reversals against the current move. Its source code uses moving averages and ATR. It draws arrows on the chart. It has 11 settings, for example Bands Period (default 120), Bands Shift (default 0) and Bands Deviations1 (default 1.0). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 4 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 Reversal Bollinger Bands Trading Strategy
Forex Squeeze Reversal Bollinger Bands Trading Strategy is an indicator for MetaTrader 4 based on Moving Average and ATR. It draws buy and sell arrows on the chart. It has 11 settings, such as Bands period, Bands shift and Bands deviations1. MQL source code included.
Files in the download: 3 Bands.ex4, 3 Bands.mq4, bbsqueeze.ex4, bbsqueeze.mq4, bollinger bands sqeeze with reversal system.tpl, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Bands period | 120 | Period or timeframe used by the calculation |
| Bands shift | 0 | Bar shift (0 = current bar) |
| Bands deviations1 | 1.0 | |
| Bands deviations2 | 2.0 | |
| Bands deviations3 | 3.0 | |
| Band color | DeepSkyBlue | Colour on the chart |
| Bol prd | 20 | |
| Bol dev | 2.0 | |
| Kelt prd | 20 | |
| Kelt factor | 1.5 | |
| Mom prd | 12 |
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 · Buy/Sell Arrows · Moving Average · ATR · MT4 Indicator · MQL4 Source Code