Forex Trend Envelopes MTF Indicator
Forex Trend Envelopes MTF Indicator is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is moving-average envelopes, following the trend and several timeframes at once. Its source code uses moving averages. It draws arrows on the chart and can read another timeframe. It has 8 settings, for example Time Frame (default Current time frame), Ma Period (default 14) and Ma Shift (default 0). 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 Trend Envelopes MTF Indicator
Forex Trend Envelopes MTF Indicator is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart and can show data from another timeframe (MTF). It has 8 settings, such as Time frame, Ma period and Ma shift. MQL source code included.
Files in the download: installation manual.txt, Trend envelopes + mtf.ex4, Trend envelopes + mtf.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | Current time frame | Period or timeframe used by the calculation |
| Ma period | 14 | Period or timeframe used by the calculation |
| Ma shift | 0 | Bar shift (0 = current bar) |
| Ma method | MODE_LWMA | |
| Upper price | PRICE_CLOSE | |
| Lower price | PRICE_CLOSE | |
| Deviation | 0.2 | |
| Interpolate | true |
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: Channels & Envelopes · Multi-Timeframe (MTF) · Trend · Buy/Sell Arrows · Moving Average · MT4 Indicator · MQL4 Source Code