Multi-Timeframe Fractal Indicator
Info
The Multi-Timeframe Fractal Indicator is a Indicator for MetaTrader 4 that multi-timeframe fractal indicator that displays higher timeframe fractal points on lower timeframes. Compatible with MT4 build 600 and later.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Multi-Timeframe Fractal Indicator
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.
What this tool does
Multi-timeframe fractal indicator that displays higher timeframe fractal points on lower timeframes.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: wlx fractals indicator - another powerful indicator for MetaTrader 4 traders.
Multi-timeframe fractal indicator that displays higher timeframe fractal points on lower timeframes.Also recommended: advanced fractals indicator - similar indicator with strong performance on MetaTrader 4.
Compatible with MT4 build 600 and later.The extend_line function draws a horizontal line from the previous fractal point until a candle closes over it.
The show_validation_candle option highlights the candle that validates the higher timeframe fractal, making the fractal point visible.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.40"
#property indicator_chart_window
#property indicator_buffers 2
extern string version_140 = "www.truetl.com";
extern int fractal_timeframe = 0;
extern int maxbar = 2000;
extern color up_fractal_color = red;
extern int up_fractal_symbol = 108;.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.