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The indicator finds two consecutive one-directional fractals, so that there is no an oppositely directed fractal between them, and marks them on the currency pair chart.

There is only one external parameter: DrawArrowSig - enable/disable signal pointers. If true, the signal pointers at the current bar on the last found fractal's price level are displayed in addition to fractals.

Depending on the entry strategy, these levels can be used as market entry signals or as the levels for placing pending orders (limit or stop ones). Please note that a fractal is fully formed only at the third bar. Thus, the signal appears only at the beginning of the new bar with a delay of the two bars necessary for the fractal's formation.

Maksym Mudrakov
2016.08.31 12:35 

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Vadim Strelkov
2014.05.12 12:46 

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