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Fractal Moving Average Indicator MT5

5

Introduction to Fractal Moving Average

Fractal Moving Average indicator was designed as part of Fractal Pattern Scanner. Inside Fractal Pattern Scanner, Fractal Moving Average Indicator was implemented as multiple of chart objects. With over thousands of chart object, we find that it was not the best and efficient ways to operate the indicator. It was computationally too heavy for the indicator. Hence, we decide to implement the indicator version of Fractal Moving Average indicator to benefit our Fractal Pattern Scanner user. Since this is a free indicator, anyone can use. However, since there is some algorithm link between Fractal Moving Average and Fractal Pattern Scanner, free users can not access some of its features like signal alerts.


How to use Fractal Moving Average Indicator

Fractal Moving Average Indicator is the great moving average that helps you to detect the market momentum. Especially, it draws the rectanlge signal in your chart when moving average cross over or moving average cross down happens. The best practice is to catch momenum after the turning point is identified. Hence, you can get the long profitable range by connecting turning point with trend. Turning point identification can be done with Fractal Pattern Scanner.


Input setting

Fractal Moving Average Indicator has only four inputs. It is simple to use.

  • Bars To Scan: Number of bars to be included in calculation
  • Fractal Moving Average Period: This is the indicator period for calculation
  • Color of Cross Over: this is color of Rectangle when moving average cross over is happening
  • Color of Cross Down: This is color of Rectangle signal when moving average cross down is happening
  • Wick Line Width: thickness of Wick line on Cross Over (or Down) candle
  • Candle Body Line Width: thickness of Body line on Cross Over (or Down) Candle
  • Draw Arrow On Cross: You can choose to draw circle arrow on Cross Over (or Down) Candle


Signal and Alert

Basically, Fractal Moving Average indiacator works best to catch moving average cross over and moving average cross down. Rectangles are drawn either when price is crossing over the Fractal Moving Average or when price is crossing down the Fractal Moving Average. Since some of its algorithm are connected to Fractal Pattern Scanner, for sound, email and push notification to work, you need to have Fractal Pattern Scanner in the same chart. Basically, Fractal Moving Average barrows its alerts features from Fractal Pattern Scanner. Sorry for the this limited alert feature but Fractal Pattern Scanner is highly sophistiated code with tons of code lines.


Important Note Before using Fractal Moving Average Indicator (Must read before using this indicator)

Fractal Moving Average indicator is completely free of charge. However, since it uses some algorithm from Fractal Pattern Scanner, Fractal Moving Average indicator might come with some limitation for free users. Only use Fractal Moving Average indicator if you understand this limitation. We never push you to use this indicator. If you are already using Fractal Pattern Scanner, just ignore this warning.


About Fractal Pattern Scanner

Fractal Pattern Scanner is the advanced Fractal Indicator that brings the latest trading technology after the extensive research and development work in the fractal geometry in the financial market. You can find everything about Fractal Pattern Scanner from link below:

https://www.mql5.com/en/blogs/post/747690


Important Note

This is the off the shelf product. Therefore, we do not accept any modification or customization request on this product. In addition, we do not provide any code library or any support for your coding for this product.


Reviews 5
xlxAxlx
541
xlxAxlx 2022.03.16 18:17 
 

Thanks...

yuuki harada
118
yuuki harada 2021.12.20 01:24 
 

良いと思う

Marciano Santos
70
Marciano Santos 2021.11.16 19:32 
 

Este indicador é de tendência (pois usa uma média móvel), logo, não funciona bem em mercados laterais. Tenha isso em mente ao usa-lo. Se a média móvel dele estiver lateralizada, não use-o.

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TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our customers. The first "The Basics"
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A symmetrical triangle chart pattern represents a period of contraction & consolidation before the price is forced to breakout to the upside or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend. MT4 Version Available Here:  https://www.mql5.com/en/market/product/68709/ This indicator identifies these patterns and alerts you when the 4 key points have formed and price has pul
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Introduction This indicator detects volume spread patterns for buy and sell opportunity. The patterns include demand and supply patterns. You might use each pattern for trading. However, these patterns are best used to detect the demand zone (=accumulation area) and supply zone (=distribution area). Demand pattern indicates generally potential buying opportunity. Supply pattern indicates generally potential selling opportunity. These are the underlying patterns rather than direct price action. T
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xlxAxlx
541
xlxAxlx 2022.03.16 18:17 
 

Thanks...

yuuki harada
118
yuuki harada 2021.12.20 01:24 
 

良いと思う

Marciano Santos
70
Marciano Santos 2021.11.16 19:32 
 

Este indicador é de tendência (pois usa uma média móvel), logo, não funciona bem em mercados laterais. Tenha isso em mente ao usa-lo. Se a média móvel dele estiver lateralizada, não use-o.

Zé Roberto
457
Zé Roberto 2021.06.11 02:30 
 

Muito bom

eders
174
eders 2020.11.23 20:54 
 

OTIMO

Reply to review
Version 2.5 2022.03.05
In version 2.5, we have made some minor improvement on Fractal Moving Average Indicator.

Fractal Moving Average indicator was designed as part of Fractal Pattern Scanner. Inside Fractal Pattern Scanner, Fractal Moving Average Indicator was implemented as multiple of chart objects. With over thousands of chart object, we find that it was not the best and efficient ways to operate the indicator. It was computationally too heavy for the indicator. Hence, we decide to implement the indicator version of Fractal Moving Average indicator to benefit our Fractal Pattern Scanner user. Since this is a free indicator, anyone can use. However, since there is some algorithm link between Fractal Moving Average and Fractal Pattern Scanner, free users can not access some of its features like signal alerts.
Version 2.3 2020.02.28
In Version 2.3, we have added Signal Processing Filter to Fractal Moving Average Indicator. Howerver, when you are using Fractal Moving Average indicator with Fractal Pattern Indicator, You may not use Signal Processing Filter. It is becauase Fractal pattern indicator tell you which direction to trade in first place.
Version 2.1 2020.02.26
In version 2.1, now we have improved the graphical interface. Below three inputs can control the appearance of Cross Over (or Down) candle in Fractal Moving Average Indicator.

Wick Line Width: thickness of Wick line on Cross Over (or Down) candle
Candle Body Line Width: thickness of Body line on Cross Over (or Down) Candle
Draw Arrow On Cross: You can choose to draw circle arrow on Cross Over (or Down) Candle
Version 2.0 2020.02.16
In version 2.0, we have optimized Fractal Moving Average for its speed.
Version 1.6 2020.02.14
In version 1.6, we have made a minor improvement in the graphical objects in our Fractal Moving Average Indicator.
Version 1.3 2020.02.12
In version 1.3, Sound alert can be used for free version of Fractal Moving Average Indicator.