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Views:: 4151
Rating:: (16)
Published:: 2018.08.23 14:11

Advanced_Fractal_On_MA.mq5 (14.92 KB) view

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Advanced Fractal On MA signal indicator searches for fractals of the moving average line. The indicator uses two moving averages for searching upper and lower fractals.

There are five inputs:

MA period - moving averages period;
MA method - moving average calculation method;
Upper applied price - calculation price of the moving average where upper fractals are searched for;
Lower applied price - calculation price of the moving average where lower fractals are searched for;
Frames - range of bars where the fractal is searched for (at least 3 bars).

When a fractal is found, the indicator marks it on the price chart and sets the arrow of a proposed entry direction on the current bar.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21641

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Advanced_Fractal_On_MA - indicator for MetaTrader 5