New 2FX 5
New 2FX 5 is an indicator for MetaTrader 4 from the Old Kings collection. Its source code uses Bollinger Bands. It draws arrows on the chart and can send alerts. It has 11 settings, for example Period1 (default 36), Period2 (default 60) and Period3 (default 156). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 15 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 New 2FX 5
New 2FX 5 is an indicator for MetaTrader 4 based on 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 11 settings, such as Period1, Period2 and Period3. MQL source code included.
Files in the download: New 2FX\#4X 2010 GANN5213.ex4, New 2FX\#4X 2010 Semafor.ex4, New 2FX\#4X 2010 Semafor.mq4, New 2FX\#4X 2010 XARD ACC-INFO.ex4, New 2FX\#4X 2010 XARD Meter.ex4, New 2FX\#4X 2010 XARD PRICE-INFO.ex4, New 2FX\#Chaos RSIOMA.ex4, New 2FX\@Q Lauer.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Period1 | 36 | Number of bars in the calculation |
| Period2 | 60 | Number of bars in the calculation |
| Period3 | 156 | Number of bars in the calculation |
| _____ | ||
| Length | 8 | Bollinger Bands Period |
| Deviation | 1 | Deviation was 2 |
| Money risk | 1.00 | Offset Factor |
| Signal | 1 | Display signals mode: 1-Signals & Stops; 0-only Stops; 2-only Signals; |
| Line | 1 | Display line mode: 0-no,1-yes |
| Nbars | 1000 | |
| Sound on | true | Turn this alert on or off |
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 · Bollinger Bands · MT4 Indicator · MQL4 Source Code