BBSqueeze Dark Indicator for MetaTrader MQL4

silver technical chartIn last some posts, I’ve mentioned one of the powerful indicator BBSqueeze Dark. Today, I’m posting this indicator for MetaTrader platform along with its usage directions and sample chart. Posting below the technical chart of Silver on time frame H1.

 

silver technical chart with bbsqeeze dark indicator

The indicator starts below the main chart window and is very simple to use. There are 2 steps to take signals via this indicator.

Step 1:See the zero line. It consists of either Red dot or Green dot. If it is Green dot, it’s time to take action. Now, action (buy or sell) has been defined in step 2 below. If it’s Red dot, do nothing and stay away. Just hold your position.

Step 2: If you see Green dot in zero line, it’s time to either Buy or Sell. For that, see the histogram lines, which are either on above zero line (blue lines) or below zero lines (red lines). Just buy on blue histogram and sell on red histogram.

In a summary, take long position when you see green dot on zero line AND blue histogram lines.

And sell your position, when you see green dot on zero line AND red histogram lines.

Now, for those who want to understand the logic behind this indicator. This indicator is based on signals given by combinations of Bollinger Bands and Keltner Channels. I’m not going in further details. You can find about these 2 indicators somewhere else also.



Last, but not the least, I’m not the developer of this indicator. Just sharing with you from my indicators library. So, all the copyrights and credits goes to the original developer.

I’ve tested it on different currency pairs and time frame. It works on everywhere but gives best results on high time frame like H4. It’s always better to trade on H4 time frame to avoid volatility of the market and false signals.

Download BBSqueeze dark indicator from here.

Update: You can also download this indicator in ZIP file

Got any doubts, share your thoughts in comments section below.

BBSqueeze Dark Indicator for MetaTrader MQL4
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+Admin

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  1. I’ve updated the post with the indicator in ZIP file also. Just unzip that file and copy the indicator file in indicators folder of metatrader.

    Hope it will help you.
    Admin

  2. Is it for only in 1 Hour Chart? or Could we use this all time frames? Can we use this any Forex Currency?

    • You can use it on any time frame, but it gives good results on higher time frame like H4. EURUSD is the most stable and less volatile currency, so you’ll get good results there; although you can use any currency pair.

      Hope it will help you.
      Admin

  3. I dont have a luck with BBsqueeze 🙁
    I tried to dll from both sources and it can not be attached to the chart.
    When I tried to compile it, it says: compiler can not be run.

    Can You upload a compiled version as well ?
    My mt4 does not even react when I want to use “Add to chart” option on this file.

    Thank You in advance

    • Just leave it to default. But remember, no setting works perfectly all the time and on all currency pairs. You should do experiment with different settings on demo first and then implement that on real account.
      Admin