This indicator is a small modification of classical Fractals Indicator.
You can choose the number or left/right bars to have a new top or bottom as well a shift parameter.
In the following chart you can see the indicator with parameter values:
The parameter leftbars/rightbars indicates the necessary number of bars to the left/right to have either a bottom or a top. Instead, the last parameter, shift, can be choosed to be 0 to have a good visualization of the top/bottom levels.
However, in order to use this indicator it should be convinient to choose it as maximum between leftbars and rightbars. It is in this moment when the top/bottom is created.
In the following chart you can see the same as before with parameters:
I attached a new version of FractalsMod indicator. This new version only admits two external variables leftbars/rightbars. You can show here a chart with this indicator with parameter values:
Note that the indicator is not defined for bars 0,...,rightbars. Therefore, in order to use this indicator in an EA you have to define either
double FractalsUp = iCustom(NULL,0,"FractalsModv2",leftbars,rightbars,0,rightbars+1);
double FractalsDown = iCustom(NULL,0,"FractalsModv2",leftbars,rightbars,1,rightbars+1);
The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.Average Directional Movement Index (ADX)
The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.