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MA on Fractals

MA on Fractals is a professional trend-following indicator for MetaTrader 4. It builds a moving average using Bill Williams' fractals. We believe that MA on Fractals is much more efficient than a standard moving average. Its combination with other indicators allows receiving more accurate trading signals. It is most suitable for M15, M30, H1 and H4.


Advantages

  • Unique indicator.
  • Generates minimum false signals.
  • Suitable for beginners and experienced traders.
  • Simple and easy indicator configuration.
  • Works on all timeframes.
  • Works on any financial instrument.
  • No repainting.


Recommended symbols

EURUSD, AUDUSD, GBPUSD, NZDUSD.


Usage tips

Buy when the price crosses the indicator line upwards.
Open sell when the price crosses the indicator line downwards.


Parameters

  • Type - may take one of the four values: Upper, Lower, Average and All. Upper builds a moving average by upper fractals. Lower builds a moving average by lower fractals. Average builds a moving average by all fractals (upper and lower ones). All displays three moving averages at once (Upper, Lower and Average).
  • Period - indicator calculation period.
  • Width - indicator line width.
  • Upper clr - color of the line based on upper fractals.
  • Lower clr- color of the line based on lower fractals.
  • Average clr - color of the line based on all (upper and lower) fractals.


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