Indicators: Fractals

 

Fractals:

A Fractal is one of five indicators of Bill Williams’ trading system, which allows to detect the bottom or the top.

Fractals indicator

Author: MetaQuotes Software Corp.

 
tell or add buffers or make it compatible for expert coding
 
hoy to give condition for buy in fractal only
 

This coded fracals don't work,


Here is the embedded fractal from MT4 and this one coded fractal :


The emlbedded repaint if the bar 0 is the new high, the coded fractal don't




This is a  backtest eachtickbar


 
Here is my recent implementation of the fractal indicator, which has a few advantages over this one. I hope future readers of this post find it useful.
Fractal
Fractal
  • www.mql5.com
This indicator is used for indentifying pivots of different degrees.
Reason: