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Views:: 18792
Rating:: (8)
Published:: 2009.05.07 06:22
Updated:: 2014.04.21 14:53

fractional_bands.mq4 (11.11 KB) view

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Fractional Bands uses a modelisation of price variation by a Fractional Brownian Motion, that incorporates the consideration of the Fractal dimension, contrary to the Bollinger Bands, which are based on a Wiener Brownian Motion (a particular case of the Fractional Brownian Motion). They also use a different equation from the Fractal Bands (https://www.mql5.com/en/code/8895). This difference, while being more consistent with the model on a mathematical point of view, does not seem to provide an indicator as interesting at a trading point of view. Nonetheless, it might still be of some use in combination with other indicators.

More details on my blog: http://fractalfinance.blogspot.com/2009/05/fractional-bands.html

Here is the Fractional Bands (in limegreen) with the Fractal Bands (in red), both share the same MA, which is the FRASMA (https://www.mql5.com/en/code/8866):

Automatic Update the chart you drag it to

action just like pressing home key, esc to exit,

Fractal Bands

A variation of the Bollinger Bands that incorporates findings from a fractal analysis

GG-TrendBar

This indicator shows you the trend on every timeframe simultaneously

ytg_SS

It is possible to switch on or to switch off functions Alert, PlaySound, SendMail having moved the mouse the appropriate inscription in the basic window of the diagram.

Fractional Bands - indicator for MetaTrader 4