MT F Inside Bar
This software component for MetaTrader 4 is built to enhance the capabilities of your trading environment. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use MT F Inside Bar
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
With this indicator we can visualize price action in other (higher) timeframe without leaving our current chart.
Just choose wich timeframe you desire (ex: TFup=3 means third timeframe up from the current timeframe in the chart).
Also you can choose:
bars_back: how many inside bars (candles)
stats: if true shows the range (Open-Close, absolute value) in pips of the inside bar (candle)
width: thickness of the bar
filling: if true draws the inside bar with fill; otherwise just the edges.
Update 22.03.15 - v1.2:
Added these parameters:
Font_Size: text font size (default=15);
Corner: text corner position (default=3 -> Bottom Right).
Bug correction: Object Delete.
Now the text has the same color as the last (upper timeframe) bar. Cheers!
