Introduction to the True Fractals Bands MTF Indicator
The True Fractals Bands MTF Indicator implements a dynamic trading channel with additional fractals displayed.
This is a multi-timeframe indicator. For example, you can trade the M15 chart while using H4 TF for the indicator.
That indicator is displayed directly on the main trading chart.
It fits all kinds of timeframes and currency pairs.
The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to set up the True Fractals Bands MTF indicator in MT4?
Copy and paste the true-fractals-bands-mtf-indicator.ex4 or true-fractals-bands-mtf-indicator.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The True Fractals Bands MTF indicator is well worth adding to your trading collection but remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, it will provide false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.
True Fractals Bands MTF Indicator Free Download
To download the True Fractals Bands MTF Indicator for Metatrader 4 (MT4) for free just click the button below: