MTF Inside Bar – indicator MetaTrader 4

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)
• UpCandleColor: color for a bull bar (candle)
• DownCandleColor: color for a bear 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:

1. Added these parameters:
   
   • Font_Size: text font size (default=15);
   • Corner: text corner position (default=3 -> Bottom Right).
2. Bug correction: Object Delete.
3. Now the text has the same color as the last (upper timeframe) bar.

Cheers!