FTR
FTR is an indicator for MetaTrader 4 from the Old Kings collection. Its source code uses divergence checks, moving averages and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 40 settings, for example Time Frame (default 0), MA Period (default 4) and MA Method (default 3). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 22 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 FTR
FTR is an indicator for MetaTrader 4 based on Divergence, Moving Average and ATR. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 40 settings, such as Time frame, Ma period and Ma method. MQL source code included.
Files in the download: FTR\AllAverages_v2[1].1.Lb_mtf.ex4, FTR\AllAverages_v2[1].1.Lb_mtf.mq4, FTR\b-clock_spread.ex4, FTR\b-clock_spread.mq4, FTR\Buy Sell.ex4, FTR\FOREX TRADING ROOM.tpl, FTR\Heiken Ashi.ex4, FTR\Heiken Ashi.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | 0 | Period or timeframe used by the calculation |
| Ma period | 4 | Period or timeframe used by the calculation |
| Ma method | 3 | |
| Price | 1 | |
| Ma shift | 0 | Bar shift (0 = current bar) |
| Show lables | true | |
| Label size | 8 | |
| Label col | DarkOrange | |
| Note price | 0C 1O 2H 3L 4Md 5Tp 6WghC: Md(HL/2)4,Tp( | |
| Font name | Trebuchet MS | |
| Font size | 12 | |
| Font color | Aqua | Colour on the chart |
| Show spread | True | Maximum spread allowed to trade |
| Distance | 10 | Distance between orders |
| Color1 | Red | Colour on the chart |
| Color2 | White | Colour on the chart |
| Color3 | Red | Colour on the chart |
| Color4 | White | Colour on the chart |
| Ma metod | 2 | |
| Ma period | 6 | Period or timeframe used by the calculation |
| Ma metod2 | 3 | |
| Ma period2 | 2 | Number of bars in the calculation |
| Tenkan | 9 | Tenkan-sen |
| Kijun | 26 | Kijun-sen |
| Senkou | 52 | Senkou Span B |
| Separator1 | *** MACD Settings *** | |
| Fast ma period | 12 | Period or timeframe used by the calculation |
| Slow ma period | 26 | Period or timeframe used by the calculation |
| Signal ma period | 9 | Period or timeframe used by the calculation |
| Separator2 | *** Indicator Settings *** | |
| Draw indicator trend lines | true | |
| Draw price trend lines | true | |
| Display alert | true | Turn this alert on or off |
| Use atr mode | true | |
| Non atr stop pips | 40 | |
| Atr period | 9 | Period or timeframe used by the calculation |
| Atr multiplier | 3.0 | How much the lot size grows after a loss |
| Atr smoothing | 0 | |
| Up arrow color | DodgerBlue | Colour on the chart |
| Dn arrow color | OrangeRed | Colour on the chart |
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: Buy/Sell Arrows · Alerts · Divergence · Multi-Timeframe (MTF) · Moving Average · ATR · MT4 Indicator · MQL4 Source Code