MTF is an indicator of support and resistance levels based on the extremes of the Advanced indicators
ZigZag Dynamic and / or Extended Fractals with a
disabled price value in the form of labels. For the MTF mode, you can select all the older TFS. By default, levels are based on points
The “Zigzag” indicator can also be used to plot the point of the Fractal indicator together with or instead of the Zigzag. To
simplify the work and save CPU time, the calculation takes place once on each bar when it is opened.
- ForcedTF-timeframe of the chart for calculating levels (greater than or equal to the current one)
- MinPipsLevelWidth – minimum level width in points (used for very narrow levels)
- Use ZigZag Extremums points-enable / disable the use of zigzag vertices for calculating levels
resistance/support - Fixed pips range – the distance between the minimum and maximum for calculating the ZigZag indicator
- UseDynamicRange-enable / disable dynamic calculation of the distance between the minimum and maximum for
the ZigZag indicator - Dynamic volatility period – the period of volatility for calculating the dynamic distance between the minimum and maximum
for the ZigZag indicator - Dynamic volatility koefficient-a volatility multiplier for calculating the dynamic distance between the minimum and
the maximum for the ZigZag indicator - Use Fractals points-enable / disable the use of Fractals to calculate resistance/support levels
- Left fractal bars count – a number that specifies the number of bars on one side to search for a Fractal (excluding
central) - UseNarrowBands-enable / disable more “wide” levels (calculated by max. and min. price values
opening / closing of the bar) - KillRetouch-enable / disable the creation of a new level if it occurs inside the existing one
- TopColor – color of the resistance levels
- BotColor – color of the support levels
- ShowLevelsPriceLabels-enable / disable the output of the label with the price value of the level
- PriceLabelWidth – the size of the label with the price value of the level
- TouchAlert-enables / disables the alert when the level is touched
- BreakAlert-enable / disable the alert when the level is broken
- BreakOnClose-count the breakout only after the bar closes behind the level (false – the price of the current bar enters the level)
- EnableAlertMesage-Enable / disable text message
- EnableAlertNotification-enable / disable notification
- EnableAlertMail-enable / disable e-mail messages
- EnableAlertSound-enable / disable the audio alert
- AlertSoundFileName – the name of the sound alert file
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Version for MT5 with the possibility of testing:
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