Forex MTF Market Analysis Trading System
This Old Kings indicator for MetaTrader 4 is called Forex MTF Market Analysis Trading System. As the name suggests, the idea behind it is several timeframes at once. In the code it works with moving averages and fractals. It draws arrows on the chart and can read another timeframe. It has 14 settings, for example Time Frame (default 0), Risk to Reward ratio (default 3.0) and First av (default 5). 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 MTF Market Analysis Trading System
Forex MTF Market Analysis Trading System is an indicator for MetaTrader 4 based on Moving Average and Fractals. It draws buy and sell arrows on the chart and can show data from another timeframe (MTF). It has 14 settings, such as Time frame, Risk to reward ratio and First av. MQL source code included.
Files in the download: (T_S_R) MTF Range Calculator.mq4, installation manual.txt, MTF SR[1].mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | 0 | Period or timeframe used by the calculation |
| Risk to reward ratio | 3.0 | Risk per trade (percent of balance) |
| First av | 5 | |
| Second av | 10 | |
| Third av | 20 | |
| Period 1 | PERIOD_M1 | Number of bars in the calculation |
| Period 2 | PERIOD_M5 | Number of bars in the calculation |
| Period 3 | PERIOD_M15 | Number of bars in the calculation |
| Period 4 | PERIOD_M30 | Number of bars in the calculation |
| Display period 1 | true | Number of bars in the calculation |
| Display period 2 | true | Number of bars in the calculation |
| Display period 3 | true | Number of bars in the calculation |
| Display period 4 | true | Number of bars in the calculation |
| Play sound | true | 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: Multi-Timeframe (MTF) · Buy/Sell Arrows · Moving Average · Fractals · MT4 Indicator · MQL4 Source Code