• Overview
  • Reviews (6)
  • Comments (15)

Fractal Channels

The indicator plots channels based on fractals with customizable parameters. As it is known, the standard fractal indicator for MetaTrader 4 does not allow to set the parameters of the so-called fractal shoulders and has limited use with its default parameters, as the chart becomes cluttered with numerous insignificant fractals. With the Fractal Channels indicator you can display only the important fractals on the chart, which denote excellent support and resistance levels. At the same time, the indicator also automatically draws these levels, which is much more convenient that constantly drawing them manually.


The indicator settings:

  • Left_shoulder - the minimum size of the left shoulder of the fractal in bars
  • Right_shoulder - the minimum size of the right shoulder of the fractal in bars
  • Channels - whether to draw channels
gritech
19
2017.10.24 11:32 
 

Nice indicator would be great if it had an alert that popped up

Gennadiy Voltornist
12103
2017.06.10 21:10 
 

User didn't leave any comment to the rating

acedubai
2240
2017.03.13 09:06 
 

Very Good

Maksym Mudrakov
15568
2016.08.30 19:39 
 

User didn't leave any comment to the rating

Igor Kryuchkov
17691
2016.08.25 18:34 
 

User didn't leave any comment to the rating

Elpis
209
2016.05.17 22:49 
 

Good.