Price Band
Price Band is an indicator for MetaTrader 4 from the Old Kings collection. It has 17 settings, for example n Bar (default 0), b Left Origin (default FALSE) and price Step (default 0.0). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Price Band
Price Band is an indicator for MetaTrader 4. It has 17 settings, such as N bar, B left origin and Price step. MQL source code included.
Files in the download: PriceBand.ex4, PriceBand.mq4, ReadMeFirst.txt, READ ME\GROUP SCREEN SHORT.jpg, READ ME\READ ME FRST.jpg.
Settings
| Setting | Default | What it does |
|---|---|---|
| N bar | 0 | |
| B left origin | FALSE | |
| Price step | 0.0 | Distance between orders |
| B volume diffusion | TRUE | |
| Volume time frame | 0 | Period or timeframe used by the calculation |
| B colorize | TRUE | Colour on the chart |
| B show scale | TRUE | |
| N scale | 256 | |
| B builtin colorize | FALSE | Colour on the chart |
| B negative color | FALSE | Colour on the chart |
| B hsv interp | TRUE | |
| Col band max | Orange | |
| Col band min | Black | |
| Band max length | 1.0 | |
| Band height ratio | 1.0 | |
| Max band | 500 | |
| Point | 0.0 |
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: MT4 Indicator · MQL4 Source Code