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# MomentumFractalChannels

The MFC is a multi-currency signal indicator, which shows the probable direction of the price movement.

This is a standalone product that implements the trading strategy algorithm.

Due to the unique prediction method, the MFC indicator can be used both for long-term and for short-term trading.

### The Concept

No one surely can tell what the price will be the next hour or day. But everyone knows, that the price moves in waves and within a certain range. Even a strong and stable trend has rollback and retracement waves. If the wave-like movement of the price is a given, then why not try to use it for predicting the further movement of the price.

### Indicator Operation Principle

The MFC indicator primarily determines the tops and bottoms, the so-called waves. After determining the price, it finds the price range for a certain period. And the final step, based on the algorithm for identifying the speed and direction of the price changes, its further movement is predicted.

### Input Parameters

• Momentum Period - period for calculating the price changes during the specified time interval (recommended values for H4 are 16-21)
• Fractal Period - the number of bats for plotting the fractal (odd values are recommended for H4: 3-5-7-9)
• History Bars - the number of bars in history for displaying the indicator (maximum is 5000, minimum is 100)
• Display Fractals - display fractals on the price chart (True - show, False - hide)
• Minimum bars channel - the minimum number of incalculable bars (this value affects plotting of the price channel for H4, recommended: 2-4)
• Color upper channel - color of the upper channel
• Color lower channel - color of the lower channel
• Coefficient channel - coefficient of the price coefficient (the standard value is 1.0, step is 0.1, for H4 1.0-1.5)
• Signals on the bars - display signals on the price chart (True - show, False - hide)
• Alert - notification when a signal for opening a trade appears (True - show, False - hide)