Fractals MTF

Multi-Timeframe Fractal Indicator Description for MQL5

Introducing the Multi-Timeframe Fractal Indicator!

Key Features:

  • Multi-Timeframe Analysis: Analyze Fractals on a timeframe independent of your chart's current timeframe. Gain insights from higher timeframes for informed trading decisions.
  • Customizable Parameters:
    • Timeframe: Choose the timeframe on which Fractals will be calculated (e.g., Daily, H4, etc.).
    • Number of Bars: Specify the number of bars considered around a potential Fractal for confirmation.
    • Arrow Shift: Adjust the position of the indicator's arrows for better visibility on your chart.
    • Arrow Symbols: Select from a variety of arrow styles to represent Fractals.

Benefits:

  • Improved Trade Timing: Identify potential turning points earlier by leveraging Fractals from different timeframes.
  • Enhanced Confirmation: Customize the indicator's parameters to refine your Fractal identification and strengthen your trading signals.
  • Clear Visualization: Easily spot Fractals with visually distinct arrows placed directly on your chart.

Who is this Indicator For?

This indicator is ideal for traders who:

  • Utilize Fractal analysis in their trading strategy.
  • Want to analyze Fractals on a timeframe independent of their chart view.
  • Seek a customizable tool to refine their Fractal identification.


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Previous High and Previous Low in the charts usually forms an area of interest for trading on the chart. Price usually move quickly then stall around these areas. This indicator identify Bars which are highest or lowest of the surrounding bars and extend a line out to visualize it. Extend line for how many bars: Define how many bars to extend the bars to the right of the extreme bar. Width of Extreme: Define how many bars it should be the highest/lowest to the left and right of the bar Keep line
inp_timeframe: Set Timeframe of indicator MA Parameters: (Same as standard moving average indicator) inp_MA_period, inp_MA_shift, inp_MA_method, inp_MA_price: Moving Average Period, Moving Average Shift, Moving Average Method, Moving Average Price Please take note that using a MA_shift of 0 will result in a different result when the indicator is reloaded for higher time frame This indicator only accepts shift>0 This is due to the indicator showing the current time moving average and atr at the c
place a vwap line starting from the line placed on the chart parameters: tick_mode: enable to use ticks instead of bars. this uses a lot more cpu processing power prefix: prefix to add for line created by indicator line_color: set the color of the line created line_style: set the line style of the line created applied_price: set the price of bar to use of the bar std_dev_ratio: set the multiplier for the std dev channel
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