Squeeze Straddle
From the Old Kings archive: Squeeze Straddle, an indicator for MetaTrader 4. In the code it works with moving averages and ATR. It has 7 settings, for example distance (default 20), total Bars (default 3000) and bol Prd (default 12). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Squeeze Straddle
Squeeze Straddle is an indicator for MetaTrader 4 based on Moving Average and ATR. It has 7 settings, such as Distance, Total bars and Bol prd. MQL source code included.
Files in the download: Squeeze Straddle.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Distance | 20 | Distance between orders |
| Total bars | 3000 | |
| Bol prd | 12 | |
| Bol dev | 2.0 | |
| Kelt prd | 6 | |
| Kelt factor | 1 | |
| Email alert | false | 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: Moving Average · ATR · MT4 Indicator · MQL4 Source Code