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2009.05.06 06:03
Indicators

Fractal Bands - indicator for MetaTrader 4

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Following a modelisation of the price variation by Fractional Brownian Motion, this indicator increases the width the Bollinger Bands in order to avoid (or minimize) false signals (of entry or exit). For a more complete explanation, please see my blog: http://fractalfinance.blogspot.com/2009/05/from-bollinger-to-fractal-bands.html

Here is what this indicator looks like for a speed of the FRASMA (https://www.mql5.com/en/code/8866) set to 30. The red indicator is the Fractal Bands, and the blue is the Bollinger Bands (with a speed set to 30 as well), below is the Fractal Graph dimension (https://www.mql5.com/en/code/8844):

Gandalf_PRO Gandalf_PRO

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A modification of the Bollinger Bands, in the same spirit as the Fractal Bands, but using a mathematically more precise equation