Forex VKW Bands Modify Indicator
This Old Kings indicator for MetaTrader 4 is called Forex VKW Bands Modify Indicator. In the code it works with RSI. It has 7 settings, for example Period RSI (default 14), Step Size Fast (default 5) and Step Size Slow (default 15). Load it on a demo chart and check whether its signals repaint before trusting them. 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 VKW Bands Modify Indicator
Forex VKW Bands Modify Indicator is an indicator for MetaTrader 4 based on RSI. It has 7 settings, such as Period rsi, Step size fast and Step size slow. MQL source code included.
Files in the download: installation manual.txt, METRO.mq4, VKW_Bands_modifay.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Period rsi | 14 | Number of bars in the calculation |
| Step size fast | 5 | Distance between orders |
| Step size slow | 15 | Distance between orders |
| Range period | 25 | Period or timeframe used by the calculation |
| Smooth period | 3 | Period or timeframe used by the calculation |
| Smooth mode | MODE_SMA | |
| Per | 5 |
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: RSI · MT4 Indicator · MQL4 Source Code