True Range Bands Mtf 6
From the Old Kings archive: True Range Bands Mtf 6, an indicator for MetaTrader 4. Judging by its name, it is built around several timeframes at once. In the code it works with 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 6
True Range Bands Mtf 6 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