Indicators: New_Fractal_Lines

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New_Fractal_Lines:

The New Fractal Lines indicator implements not the "squat" bar, but the "squat" fractal and draws the fractal lines.

Author: Alexey Klenov 

New_Fractal_Lines
New_Fractal_Lines
  • www.mql5.com
After reading the first "Chaos" by B. Williams I came up with the idea to implement not the "squat" bar, but the "squat" fractal. The idea: take the two nearby divergent fractals. Let the first (further in history) is downwards, the second (closer in history) is upwards. Calculate the delta of the fractal: (High[i+2] - Low[i+2] + High[i+1]...
 

Dear, 

Your indicator is showing really good results on my side. Thus, I would want to study fractals (which i wasn't using before). 

Would you have some recommendation of articles / website / other for me in order to learn from the begining ? 

Best regards, Liam

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