Itrend Old 2
From the Old Kings archive: Itrend Old 2, an indicator for MetaTrader 4. In the code it works with Bollinger Bands. It has 6 settings, for example i Bands Mode 0 2 (default 0), i Power Price 0 6 (default 0) and i Price Type 0 3 (default 0). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 1 indicator file 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 Itrend Old 2
Itrend Old 2 is an indicator for MetaTrader 4 based on Bollinger Bands. It has 6 settings, such as I bands mode 0 2, I power price 0 6 and I price type 0 3. MQL source code included.
Files in the download: Itrend Old.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| I bands mode 0 2 | 0 | |
| I power price 0 6 | 0 | |
| I price type 0 3 | 0 | |
| I bands period | 20 | Period or timeframe used by the calculation |
| I bands deviation | 2 | |
| I power period | 14 | 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 · MT4 Indicator · MQL4 Source Code