Forex MTF Fractal Indicator
From the Old Kings archive: Forex MTF Fractal Indicator, an indicator for MetaTrader 4. As the name suggests, the idea behind it is Bill Williams fractals (swing highs / lows) and several timeframes at once. In the code it works with fractals. It draws arrows on the chart. It has 16 settings, for example Version 140 (default www.truetl.com), Fractal Timeframe (default 0) and Maxbar (default 2000). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Forex MTF Fractal Indicator
Forex MTF Fractal Indicator is an indicator for MetaTrader 4 based on Fractals. It draws buy and sell arrows on the chart. It has 16 settings, such as Version 140, Fractal timeframe and Maxbar. MQL source code included.
Files in the download: installation manual.txt, MTF_Fractal.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Version 140 | www.truetl.com | |
| Fractal timeframe | 0 | Period or timeframe used by the calculation |
| Maxbar | 2000 | |
| Up fractal color | Red | Colour on the chart |
| Up fractal symbol | 108 | |
| Down fractal color | Blue | Colour on the chart |
| Down fractal symbol | 108 | |
| Extend line | true | |
| Extend line to background | true | |
| Show validation candle | true | |
| Up fractal extend line color | Red | Colour on the chart |
| Up fractal extend width | 0 | |
| Up fractal extend style | 2 | |
| Down fractal extend line color | Blue | Colour on the chart |
| Down fractal extend width | 0 | |
| Down fractal extend style | 2 |
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 · Multi-Timeframe (MTF) · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code