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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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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