True Fractal Mtf 4
True Fractal Mtf 4 is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to Bill Williams fractals (swing highs / lows) and several timeframes at once. It draws arrows on the chart and can read another timeframe. It has 3 settings, for example Time Frame (default Current time frame), Level (default 5) and Fractal On First Bar (default true). Load it on a demo chart and check whether its signals repaint before trusting them. 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 True Fractal Mtf 4
True Fractal Mtf 4 is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart and can show data from another timeframe (MTF). It has 3 settings, such as Time frame, Level and Fractal on first bar. MQL source code included.
Files in the download: True Fractal mtf.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | Current time frame | Period or timeframe used by the calculation |
| Level | 5 | |
| Fractal on first bar | 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: Fractals · Multi-Timeframe (MTF) · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code