True TL V1.01
True TL V1.01 — a MetaTrader 4 indicator kept in the Old Kings collection. This copy is version 1.01. Its source code uses ATR and fractals. It has 11 settings, for example Auto Refresh (default TRUE), Normal TL Period (default 500) and Three Touch (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 · v1.01 · Free
About True TL V1.01
True TL V1.01 is an indicator for MetaTrader 4 based on ATR and Fractals. It has 11 settings, such as Auto refresh, Normal tl period and Three touch. MQL source code included.
Files in the download: TrueTL V1.01.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 | Gainsboro | Colour on the chart |
| Long tl color | Goldenrod | Colour on the chart |
| Three touch tl widht | 2 | |
| Three touch tl color | White | Colour on the chart |
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