True TL Button 2
True TL Button 2 is an indicator for MetaTrader 4 from the Old Kings collection. Its source code uses ATR and fractals. It has 13 settings, for example Auto Refresh (default TRUE), Normal TL Period (default 500) and Three Touch (default TRUE). 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 TL Button 2
True TL Button 2 is an indicator for MetaTrader 4 based on ATR and Fractals. It has 13 settings, such as Auto refresh, Normal tl period and Three touch. MQL source code included.
Files in the download: TrueTL button.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Auto refresh | TRUE | |
| Normal tl period | 500 | Period or timeframe used by the calculation |
| Three touch | TRUE | |
| M1 fast analysis | TRUE | |
| M5 fast analysis | TRUE | |
| Mark highest and lowest tl | TRUE | |
| Expiration day alert | 5 | Turn this alert on or off |
| Normal tl color | clrDarkGreen | Colour on the chart |
| Long tl color | clrGoldenrod | Colour on the chart |
| Three touch tl widht | 2 | |
| Three touch tl color | clrDimGray | Colour on the chart |
| Button x | 20 | |
| Button y | 30 |
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: ATR · Fractals · MT4 Indicator · MQL4 Source Code