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Published:

2018.12.28 13:05

Updated:

2019.01.17 11:29

Fractal_Channel.mq5 (8.16 KB) view

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Channel-based indicator Fractal Channel draws a channel based on fractals with a given dimension.

It has one adjustable parameter:

Farme - frame size for searching for the fractal

Frame shall be a window consisting the number of bars, in which one fractal must fit.

For a 1x1 fractal (left bar + central bar + right bar), the frame size must be 3,
For a 2x2 fractal, the frame size = 5 (two left bars + one central bar + two right bars), etc.

Fig.1. Frame = 3 (standard fractal size)

Fig. 1. Fractal Channel + Fractals, Frame = 3

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22723

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