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Published:

2018.09.27 16:12

Valid_Swing_HighLow.mq5 (10.2 KB) view

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Valid Swing HighLow is an advanced indicator of 2х2 fractals. It differs from the standard one in that each new bar of the fractal is always higher/lower than the previous one.

For the upper fractal: LeftHigh2<LeftHigh1<CenterHigh>RightHigh1>RightHigh2
For the lower fractal: LeftLow2>LeftLow1>CenterLow<RightLow1<RightLow2

It has one configurable parameter:

Bar of drawing - the bar for drawing labels

Signal bar - draws labels based on the Open price of the signal bar
Fractal bar - draws labels on the bar and using fractal prices (High/Low)

Fig. 1. Bar of drawing = Fractal bar

Fig. 2. Bar of drawing = Signal bar

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21856

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Valid_Swing_HighLow - indicator for MetaTrader 5