Market / MetaTrader 4 / Indicators /

Adjustable Fractal MT4

FREE

Published: 14 July 2016

Current version: 1.1

Adjustable Fractal MT4

4.76

Indicators
Dmitry Timin
Version: 1.1
Updated: 18 December 2021

Adjustable Fractal MT4 is a modification of Bill Williams' Fractals indicator.

The fractal consists of a two sets of arrows - up (upper fractals) and down (lower fractals). Each fractal satisfies the following conditions:

Upper fractal - maximum (high) of a signal bar exceeds or is equal to maximums of all bars from the range to the left and to the right;
Lower fractal - minimum (low) of a signal bar is less or equal to minimums of all bars from the range to the left and to the right.

Unlike a standard indicator, Adjustable Fractal allows setting the number of bars to find fractals to the left and to the right of desired bars. This allows to flexibly determine the presence of fractals, for example during a long upward or downward movement.

Inputs

barsBefore - number of bars before a fractal used in calculation;
barsAfter - number of bars after a fractal used in calculation;
style - signal style (arrows, diamonds, squares, circles);
arrowOffset - offset of the array from the bar's High/Low in points.

You can set the arrows' color and size separately for upper and lower fractals on Colors tab.

more...

1969

Razial187 2025.04.05 02:00 #

Perfect indicator to help learn basic market structure. Thank You for this.

816

Tony Gregg 2025.03.18 16:14 #

Nice simple indicator. Maybe add an alert feature with the fractal triggers/paints.

192

Kris 2024.09.12 16:56 #

Perfect indicator. I found the setting: (Bar before= 5 and Bar after=2) to be the most accurate for the timeframes I use (5m,15m,1H).

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Filter:

1969

Razial187 2025.04.05 02:00 #

Perfect indicator to help learn basic market structure. Thank You for this.

816

Tony Gregg 2025.03.18 16:14 #

Nice simple indicator. Maybe add an alert feature with the fractal triggers/paints.

힛뜨 2024.12.30 04:19 #

User didn't leave any comment to the rating

[Deleted] 2024.11.05 20:16 #

User didn't leave any comment to the rating

192

Kris 2024.09.12 16:56 #

Perfect indicator. I found the setting: (Bar before= 5 and Bar after=2) to be the most accurate for the timeframes I use (5m,15m,1H).

104

51323997 2023.09.15 10:22 #

Perfect

toltec913 2023.05.05 21:22 #

Perfect. Thank you.

philjohn 2023.01.16 22:47 #

good indicator

Vmin 2022.11.01 19:16 #

Благодарю Вас. Индикатор отличный

David.fx 2022.10.01 04:12 #

Just what I needed to automate a strategy

Amar Kaan 2022.07.15 16:48 #

User didn't leave any comment to the rating

158

Thippeswamaiah Jmath J M 2022.06.23 08:06 #

good

barryflexen1 2022.04.25 18:04 #

Great. Exactly what i was looking for.

dante1357 2022.02.15 07:39 #

very good. please add an alert for when the last fractal breaks.

824

Nicolas Dobrovsky 2021.12.19 08:34 #

Good

217

Vu Quoc Balogh 2021.08.30 02:13 #

Simple and amazing. Thank you so much. Before i found your indicator I have to use tradingview fractal to adjust the fractal. Now I can just do it on mt4. You are amazing. Thank you for your work.

Trap Lord 2021.07.31 19:10 #

The indicator is great, the only problem is that the arrow are disappearing, like some old arrow where the price didn't reverse when you refresh the page the arrow disappears itself, can you fix this issue please?

vinitrader 2021.07.31 03:13 #

Excellent to be able to change color and settings. Good work.

Fiete Anja 2021.06.24 23:57 #

User didn't leave any comment to the rating

BTbgi 2021.06.02 22:35 #

Good indicator. Nice to be able to change the settings and colors etc.

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