Fractal Levels
This Old Kings indicator for MetaTrader 4 is called Fractal Levels. As the name suggests, the idea behind it is Bill Williams fractals (swing highs / lows). In the code it works with fractals. It draws arrows on the chart. It has 6 settings, for example Mid Fractal Dist (default 6), Opp Fractal Dist (default 11) and Line1col (default Green). 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 Fractal Levels
Fractal Levels is an indicator for MetaTrader 4 based on Fractals. It draws buy and sell arrows on the chart. It has 6 settings, such as Mid fractal dist, Opp fractal dist and Line1col. MQL source code included.
Files in the download: Fractal_Levels.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Mid fractal dist | 6 | |
| Opp fractal dist | 11 | |
| Line1col | Green | |
| Line2col | Red | |
| Line3col | DarkGreen | |
| Line4col | DarkOrange |
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 · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code