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Published:

2019.05.07 13:40

Fractals - (adjustable period + price).mq4 (6.3 KB) view

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One of the "classics" but with a twist - unlike the built in fractals indicator, this one allows you to :

adjust the fractals period (the built in fractal indicator is using period 5)
chose prices for high and low (might be useful in some cases - in extreme whipsaw market conditions, for example)

PS: also, the way how fractals are calculated does not prevent having fractal up and fractal down at the same bar and that is a correct way how it should be calculated. Limiting it to just one fractal per bar is introducing a bias that has no mathematical cause

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Fractals - adjustable period and prices - indicator for MetaTrader 4