Forex Fractal Adjustable Lookback Indicator
Forex Fractal Adjustable Lookback Indicator is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to Bill Williams fractals (swing highs / lows). Its source code uses fractals. It draws arrows on the chart. It has 4 settings, for example Fractal Color Up (default Magenta), Fractal Color Dn (default DeepSkyBlue) and Fractal Lookback (default 3). 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 Forex Fractal Adjustable Lookback Indicator
Forex Fractal Adjustable Lookback Indicator is an indicator for MetaTrader 4 based on Fractals. It draws buy and sell arrows on the chart. It has 4 settings, such as Fractal color up, Fractal color dn and Fractal lookback. MQL source code included.
Files in the download: Fractals_Adjustable_Lookback.ex4, Fractals_Adjustable_Lookback.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Fractal color up | Magenta | Colour on the chart |
| Fractal color dn | DeepSkyBlue | Colour on the chart |
| Fractal lookback | 3 | |
| Offset | 10 |
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: Fractals · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code