True Fractal Mtf
True Fractal Mtf — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around 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). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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
True Fractal Mtf 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