Forex MTF Support Resistance Indicator
Forex MTF Support Resistance Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to support / resistance levels and several timeframes at once. Its source code uses fractals. It draws arrows on the chart. It has 9 settings, for example Period 1 (default PERIOD_M1), Period 2 (default PERIOD_M5) and Period 3 (default PERIOD_M15). 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 Forex MTF Support Resistance Indicator
Forex MTF Support Resistance Indicator is an indicator for MetaTrader 4 based on Fractals. It draws buy and sell arrows on the chart. It has 9 settings, such as Period 1, Period 2 and Period 3. MQL source code included.
Files in the download: 5MTF_SR.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| 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: Support & Resistance · Multi-Timeframe (MTF) · Buy/Sell Arrows · Fractals · MT4 Indicator · MQL4 Source Code