Market / MetaTrader 4 / Indicators /

Fractal Sniper Levels MT4

45 USD

Demo downloaded: 8

Published: 13 January 2025

Current version: 1.10

Fractal Sniper Levels MT4

Indicators
Sergey Demin
Sergey Demin
Ukraine

11306
4.6 (22)
I have been studying Forex since 2006.

I studied on my own, studied with teachers from the CIS countries.

But communication with American and European traders had the maximum impact.
Regular study of the latest developments in trading on English-language sites.

5 products 1 signal 1 topic 1 comment
Version: 1.10
Activations: 15

Fractal Sniper Levels is a powerful technical indicator that finds a rebound of fractal formations from one price zone. The main feature of the indicator is that it analyzes fractals not just as extremes, but as full-fledged reversal formations, which significantly increases the reliability of the determined levels.

Key advantages

Working with fractals as reversal formations, and not just as local extremes
Intelligent analysis of each fractal's rebound from the levels of the same price zone
Automatic detection of 4 strong levels
Visual confirmation of levels with colored markers on fractals

Operating principle:

1. The indicator first looks for a fractal rebound from a level equal to 0 pips. If it finds one, it sets a red horizontal line. In the comment on the chart, it indicates: "Number of confirmations (set in the parameters by the User), 0 pips).

2. If there is no price level with a fractal rebound in the range of 0 pips, the indicator finds fractal rebounds from a zone of 1 pip width and draws a horizontal red line.

3. If there is no price level, as in point 2, the indicator finds fractal rebounds from a zone of 2 pips width and draws a horizontal red line.

4. And so on, until the horizontal level from which the fractals rebounded is found.

Unique features of analysis

1. Fractals as reversal formations:

The indicator recognizes and analyzes only full-fledged fractal patterns

The characteristics of a fractal as a reversal formation are taken into account

Increased reliability of signals due to a comprehensive analysis of the fractal structure

2. Intelligent grouping of levels:

Analysis of each fractal's rebound from the same price level

Grouping of fractals taking into account the minimum error

Determination of the strength of a level by the number of confirming fractals

Settings

** period** - the number of bars for calculating levels

** TF** - timeframe for analysis (0 - current, 240 - H4, 1440 - D1, 10080 - W1)

**MinBars** - minimum number of fractals to confirm a significant level

**Color1-4** - colors to display levels

**CommentCorner** - location of the information panel (0-3)

**CommentColor** - text color in the information panel

**CommentFontSize** - font size of comments

Application

The indicator is effective for:

1. Determining key support and resistance levels

2. Finding highly probable entry points into the market

3. Setting target levels for closing positions

4. Determining zones for placing stop losses

Recommendations for use

Use the indicator on higher timeframes (H1 and higher) to get more reliable signals
Combine with other technical analysis indicators to confirm signals
Pay attention to the number of confirming fractals - the more there are, the stronger the level

Compatibility

MetaTrader 4
All currencies pairs
All timeframes

Settings and installation

Purchase the indicator in the MQL5 Market
The indicator will be automatically installed in your MetaTrader 4 terminal
Find the indicator in the Navigator in the "Custom indicators" section
Drag the indicator to the chart or double-click on it

Important to know

For optimal operation, it is recommended to use a period of at least 200 bars
All settings can be changed in real time through the indicator properties window
The indicator automatically adapts to various trading instruments

Be careful!

The author sells this software product ONLY from this Market mql5.com. I regularly review all my advisors, correct errors and improve them.

All advisors with the same name on other trading platforms are fraudulent!

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Indicator (includes Volume Profile + Order Blocks) - a revolutionary indicator that combines two of the most powerful concepts of modern technical analysis: volume profiles and institutional players' order blocks. This tool allows you to see what is hidden from most traders and gives you a significant advantage in the market. Key benefits of the indicator: Visualization of "smart money": Clearly shows the areas of concentration of large players, highlighting areas with maximum volume in bright

90 USD

Purchase bonus After purchasing this Expert Advisor, you will receive any other Expert Advisor from my Market products as a gift at no additional cost. To arrange the bonus, use the internal MQL5 messaging system after the purchase. Overview EA Perfect Balance EURJPY H1 is an Expert Advisor for EURJPY on MetaTrader 5. The working timeframe is H1. Each trade uses a stop loss and a Take Profit. Trading logic The strategy uses several signal modules. Signals are grouped by their calculated strength

299 USD

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