The indicator can show important price curves, highs and lows in the cases where standard Fractals indicator fails. The input parameter of shift by flat has been added for more accurate indication of the extreme value time in case of flat.
Both input parameters - Sensibility and Shift - are accessible in the features:
to turn on the Alert signal in case of a new fractal emerging and selection of the given alerts.
This indicator was first implemented in MQL4 and published in Code Base at mql4.com 22.08.2009.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/500
Darvas trading technique is based on his method of a new trend detection.MFCS Currency Correlation Chart
An indicator to put correlated currency charts on a given currency chart. It shows only bars currently. Color/monochrome mode is configurable. It also supports currency inversion for handling EURUSD & USDCHF like pairs.