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Frama - floating levels - indicator for MetaTrader 5

Mladen Rakic

votes: 6
2018.12.05 16:41
Frama (fl).mq5 (19.2 KB)view

Theory :

The original version of this indicator was posted with a detailed description here : Frama . In this version we are adding one feature that is probably needed in order to make the frama indicator easier to use : floating levels. That way we can determine the trend without an attempt to us the slope of the frama for that (which might cause a lot of false signals, especially if chosen price usage for fractal estimation method is used). Default method for color changing is the cross of outer levels which is recommended if you intend to use the indicator in "trending" mode

Usage :

You can use the color change as signals in this indicator

Frama Frama

Fractal Adaptive Moving Average -

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Filtered frama Filtered frama

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NonLagMA with ATR Bands and Control Panel NonLagMA with ATR Bands and Control Panel

This is a re-write of the nonLagMA found elsewhere and includes several uncommonly shown coding options, including a simple control dashboard.