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Adjustable Fractal MT4

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.

Thuydxtq
16
Thuydxtq 2019.07.19 17:11 
 

Thanks

Robert Scheide
24
Robert Scheide 2019.02.10 01:15 
 

Hi Dimitri, thanks for this indicator. I understand how it works and it's brilliant. Thank you for sharing. All the best to you and yours.

sunnychow
7769
sunnychow 2019.01.12 19:23 
 

Thanks for share

AirOne1
1476
AirOne1 2018.12.11 00:29 
 

good

Matthew Todorovski
12751
Matthew Todorovski 2018.06.30 14:01 
 

1 Star (20%) = Bad

2 Star (40%) = Undecided

3 Star (60%) = Acceptable

4 Star (80%) = Good

5 Star (100%) = Excellente!

Raju Khan
261
Raju Khan 2018.05.05 16:18 
 

Nice indicator.

Aleksandras Makarovas
704
Aleksandras Makarovas 2017.10.02 20:20 
 

User didn't leave any comment to the rating

Ali irwan
5136
Ali irwan 2017.08.06 13:59 
 

great work.

Gennadiy Voltornist
12010
Gennadiy Voltornist 2017.05.17 17:32 
 

User didn't leave any comment to the rating

Vyacheslav Korolev
6911
Vyacheslav Korolev 2017.05.06 21:01 
 

User didn't leave any comment to the rating

Maksym Mudrakov
21363
Maksym Mudrakov 2016.08.30 12:06 
 

User didn't leave any comment to the rating