Watch how to download trading robots for free

Find us on Facebook!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Views:

14153

Rating:

(40)

Published:

2015.01.23 11:23

Updated:

2016.11.22 07:32

FractalsTrendLines.mq5 (7.38 KB) view

Download as ZIP, How to download code from MetaEditor

Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

The indicator draws bull and bear lines of a trend on the basis of iFractals indicator's data from the nearest extremum to the last fractal broken down.

When this fractal is broken down, the line becomes permanent till a new extremum appears.

Input Parameters:

inpClrBull=clrGreen; Color of the trend's bull line;
inpClrBear=clrRed; Color of the trend's bear line.

This indicator can be interpreted as follows:

"Pass-Through Cross" line crossing.
Candle closing above both lines: "Bull Trend".
Candle closing above both lines: "Bear Trend".
Candle closing between the lines, "Pass-Through Cross" on the left side: "Flat".
Candle closing between the lines, "Pass-Through Cross" on the left side: "Triangle of Uncertainty".

Triangle