Forex Polarized Fractal Efficiency Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Polarized Fractal Efficiency Indicator. Its name points to Bill Williams fractals (swing highs / lows). It has 3 settings, for example Pfe Period (default 5), Use Avarage (default true) and Ma Period (default 5). 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 Polarized Fractal Efficiency Indicator
Forex Polarized Fractal Efficiency Indicator is an indicator for MetaTrader 4. It has 3 settings, such as Pfe period, Use avarage and Ma period. MQL source code included.
Files in the download: installation manual.txt, PFE.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Pfe period | 5 | Period or timeframe used by the calculation |
| Use avarage | true | |
| Ma period | 5 | Period or timeframe used by the calculation |
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 · MT4 Indicator · MQL4 Source Code