Mikko Bb Channels
Mikko Bb Channels is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around price channels. Its source code uses Bollinger Bands. It has 4 settings, for example begin (default 24), end (default 720) and step (default 12). 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 Mikko Bb Channels
Mikko Bb Channels is an indicator for MetaTrader 4 based on Bollinger Bands. It has 4 settings, such as Begin, End and Step. MQL source code included.
Files in the download: mikko_bb_channels.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Begin | 24 | Hour when trading starts (server time) |
| End | 720 | |
| Step | 12 | Distance between orders |
| Deviation | 2 |
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: Channels & Envelopes · Bollinger Bands · MT4 Indicator · MQL4 Source Code