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Indicators

Advanced_Fractal_On_MA - indicator for MetaTrader 5

Scriptor | English Русский 中文 Español Deutsch

Views:
592
Rating:
votes: 9
Published:
2018.08.23 14:11

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 Software Corp.
Original code: https://www.mql5.com/ru/code/21641

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