HB System
HB System — a MetaTrader 4 indicator kept in the Old Kings collection. Its source code uses RSI, moving averages and Bollinger Bands. It draws arrows on the chart and can send alerts. It has 19 settings, for example Length (default 20), Deviation (default 2) and Money Risk (default 1.00). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 8 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 HB System
HB System is an indicator for MetaTrader 4 based on RSI, Moving Average and Bollinger Bands. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 19 settings, such as Length, Deviation and Money risk. MQL source code included.
Files in the download: ForexWOT.Com- HBSystem\ForexWOT.Com [Trading Rules].url, ForexWOT.Com- HBSystem\indicators\HBB.ex4, ForexWOT.Com- HBSystem\indicators\HBB.mq4, ForexWOT.Com- HBSystem\indicators\HBF.ex4, ForexWOT.Com- HBSystem\indicators\HBF.mq4, ForexWOT.Com- HBSystem\indicators\HBH.ex4, ForexWOT.Com- HBSystem\indicators\HBH.mq4, ForexWOT.Com- HBSystem\indicators\TDI-RT-Clone.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Length | 20 | |
| Deviation | 2 | |
| Money risk | 1.00 | Risk per trade (percent of balance) |
| Signal | 1 | |
| Line | 1 | |
| Nbars | 1000 | |
| Sound on | true | Turn this alert on or off |
| Range periods | 30 | Number of bars in the calculation |
| Price smoothing | 0.3 | |
| Index smoothing | 0.3 | |
| Ma metod | 1 | |
| Ma period | 15 | Period or timeframe used by the calculation |
| Rsi period | 13 | Period or timeframe used by the calculation |
| Rsi price | PRICE_CLOSE | |
| Volatility band | 34 | |
| Rsi signal period | 2 | Period or timeframe used by the calculation |
| Rsi signal mode | MODE_SMA | |
| Trade signal period | 7 | Period or timeframe used by the calculation |
| Trade signal mode | MODE_SMA |
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: Buy/Sell Arrows · Alerts · RSI · Moving Average · Bollinger Bands · MT4 Indicator · MQL4 Source Code