True Range Bands Mtf 5
True Range Bands Mtf 5 is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to several timeframes at once. Its source code uses ATR. It can read another timeframe. It has 5 settings, for example Time Frame (default PERIOD_CURRENT), n Period (default 13) and Deviation (default 1.618). 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 True Range Bands Mtf 5
True Range Bands Mtf 5 is an indicator for MetaTrader 4 based on ATR. It can show data from another timeframe (MTF). It has 5 settings, such as Time frame, N period and Deviation. MQL source code included.
Files in the download: true-range-bands mtf.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | PERIOD_CURRENT | Time frame |
| N period | 13 | Period or timeframe used by the calculation |
| Deviation | 1.618 | |
| Ma shift | 0 | Bar shift (0 = current bar) |
| Interpolate | true | Interpolate in mtf mode |
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: Multi-Timeframe (MTF) · ATR · MT4 Indicator · MQL4 Source Code