How do I install this Indicator on MetaTrader 5?

Download the file, open MetaTrader 5 -> File -> Open Data Folder, copy the file to the correct folder (Experts / Indicators / Scripts / Libraries), then restart the terminal.

How do I activate / load this Indicator?

Drag the Indicator from the Navigator onto your chart and adjust the input parameters as needed.

Is this compatible with MetaTrader 5?

Yes, this Indicator is built specifically for MetaTrader 5.

Is this Indicator safe to use with real money?

All tools are provided for educational and testing purposes. We strongly recommend testing on a demo account first. Trading involves significant risk of loss.

Can I use this Indicator on multiple charts?

Yes, you can apply multiple indicators on the same chart.

Can I customize the settings of this Indicator?

Yes. Right-click on the chart and select properties to open and adjust parameters.

Free Vela Mayor MTF: Higher Timeframe Candle Overlay for MT5 Indicator for MetaTrader 5

MetaTrader 5 indicator

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Vela Mayor MTF: Higher Timeframe Candle Overlay for MT5

Info

The Vela Mayor MTF: Higher Timeframe Candle Overlay for MT5 is a Indicator for MetaTrader 5 that vela mayor mtf is a powerful multi-timeframe visualization indicator for metatrader 5, engineered for traders practicing multi-timeframe analysis, smart money concepts (smc), price action, and ict strategies. Instead of flipping between multiple charts, Vela Mayor projects the last X candles of any higher timeframe (e.

Usage

This tool is typically used for enhancing chart analysis and decision making.

Platform

This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).

Setup

Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.

How to Install and Use Vela Mayor MTF: Higher Timeframe Candle Overlay for MT5

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

Vela Mayor MTF is a powerful multi-timeframe visualization indicator for MetaTrader 5, engineered for traders practicing Multi-Timeframe Analysis, Smart Money Concepts (SMC), Price Action, and ICT strategies.

Typical Use Case

This Indicator excels in automated trading and technical analysis on MetaTrader 5.

Compatible Platform & Setup

This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.

Description & Settings

Related: Draw Psy Levels - another powerful indicator for MetaTrader 5 traders.

Also recommended: Trading Signals Module for MQL5 Wizard - similar indicator with strong performance on MetaTrader 5.

Instead of flipping between multiple charts, Vela Mayor projects the last X candles of any higher timeframe (e.g. H1, H4, D1) directly onto your execution timeframe (e.g. M1, M5, M15).

Dual-Layer Rendering (Independent Borders & Fills)
Choose separate colors for candle bodies and candle outlines for maximum contrast on both light and dark chart themes.

True Period Separation ( Separate Boxes )
Unlike typical indicators that stretch full-interval blocks across the screen, Vela Mayor bounds the box strictly to the inner candles formed within that timeframe, leaving natural breathing space between periods.

Centered High/Low Wicks
Cleanly detached upper and lower wicks that respect body boundaries and keep chart readability crisp.

Zero-Lag Real-Time Candle 0
Live bar updating tick by tick with instant price expansion.

Timeframe Change Auto-Recovery
Built-in background timer and chart-event listeners ensure all boxes and wicks reappear reliably whenever you switch timeframes or reconnect.

Optional Features
Full High-to-Low range envelope and floating info labels with OHLC values and point ranges.

You may also like: trading with ma trends, atr, tp, sl, and pivot point lines - excellent alternative for indicator users on MetaTrader 5.

Source Code

#property copyright "RobotFX"
#property version     "1.00"
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
#property indicator_chart_window
#property indicator_buffers 0
#property indicator_plots   0
sinput string InpSep_1_1             = "";
input group "─── ■■■■■■■ [ 1. Timeframe y Alcance ] ───"
input ENUM_TIMEFRAMES InpTimeframe   = PERIOD_H1;
input int             InpBarsCount   = 25;

.......

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⚠ 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.