Flexible Fractals Line

5

Description

This is an indicator for MT5 which has enhanced the "Fractals" indicator.

"Fractals" indicator is included in MT5 by default but the draw line period is fixed at "5" and it cannot be modified.  Thus I have reinvented the Fractals indicator with some useful function added.  This tool will be useful especially for those who are learning how to draw good horizontal lines and wants to get some reference.  Of course, those who are considering Fractals as an important horizontal line will also like it.

 Benefits of the Flexible Fractals Line indicator

  • Fractals Line On/Off
In case that we want to watch the chart without any lines, just set "switch off" from property menu.  No need to delete the indicator.

  • Change Fractals Calculation Period

Default parameter in this indicator is set at "21" but we can change it to any period.  Some prefer longer periods and others prefer shorter ones.

In any cases, please be noted that only "odd" number must  be set.  This is due to mathematical rule of fractals.


Settings

  • Line ON/OFF
  • Bars for Fractals Calculation (Must be Odd Number)
  • Line Color

    Tutorial 

     Please find the YouTube link on product introduction page.

      In the end, it is highly appreciated that you could leave any review,

      which will motivate me to develop more useful trading tool!  Thanks!


      Reviews 7
      Andrew_ft
      85
      Andrew_ft 2024.03.11 14:20 
       

      Totally agree with whom reviewed before me, very simple but efficient,great indicator!

      Mohamed Tharwat Hussein El Sherief
      377
      Mohamed Tharwat Hussein El Sherief 2024.03.07 07:17 
       

      One of the best Custom Fractals indicators for MT5. First: The indicator only shows the verified fractals and does not repaint. i.e, it waits for the right number of bars on the right of the candle. Second: The buffers are permanent and do not disappear. It is quite easy to call it with iCustom in your EA. The only feature I would request is the ability to choose the number of bars on left and on right . Thanks to the author for the well-thought-of indicator (with permanent Buffers!).

      Pavel048
      331
      Pavel048 2023.12.02 17:28 
       

      Недооцененный индикатор. Простой и надежный. Лучший индикатор для новичка в торговле. Ничего менять в настройках не нужно, да их и нет.

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      Description This is a utility tool for MT5 reminding traders of all the entry points by highlighting trading history. For those who just started to learn trading, one of the most efficient tips to improve their trading skill is to look back their own trading history. However, trade history arrow shown on MT5 chart is simply too small to find out, which will keep traders away from reviewing their trade, especially stupid mistakes like overtrading. By clearly showing their trade history and face i
      FREE
      This Is Something Useful
      Sa No Tsuyoshi Kokorozashi
      Description This is a utility tool for MT5, and it displays some useful information on charts for discretionary trading. Some of the information obtained by using indicators that are standardly installed by MT5 or by manual calculation is displayed on the chart from the beginning. Benefits of the This Is Something Useful MT5 The minimum necessary information that needs to be confirmed in discretionary trading can be displayed on the chart at any time. By using this tool, you can quickly access
      FREE
      Description This is a utility tool for MT5, and it exerts a strong power for entry operations and fund management in discretionary trading. Although the standard trading panel provided by MT5 is very simple, it lacks some features that are considered particularly important for discretionary trading. This tool compensates for the lack of functions, but we have paid close attention not to implement excessive functions. Benefits of the Flexible Trading And Money Management MT5 Simple and Intuiti
      Sync In Many Ways MT5
      Sa No Tsuyoshi Kokorozashi
      Description This is a Utility tool for MT5 which will make our chart analysis task quite more efficient and save large amount of time. As for chart analysis, some are watching out several symbol simultaneously with single timeframe and others are trading only one single pair with   multi timeframe analysis. For both, a common troublesome issue is “scroll chart to look back” or “draw chart objects” in multi charts at the same time.  Especially for those who are trading with multi timeframe soluti
      Flexible HVTF Feat Alert MT5
      Sa No Tsuyoshi Kokorozashi
      Description This is a Utility tool for MT5 which will keep us away from a chart in a nice manner, letting us know only a good trading opportunity. It is said that from novice to experts, one of the common and obviously the most important things to do is to “WAIT” for good trading opportunities to come.   On the other hand, it is not always that case that we are sitting in front of the chart when the trading opportunity comes. Thinking about chart analysis, at the same time, major tools used to
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      Andrew_ft
      85
      Andrew_ft 2024.03.11 14:20 
       

      Totally agree with whom reviewed before me, very simple but efficient,great indicator!

      Mohamed Tharwat Hussein El Sherief
      377
      Mohamed Tharwat Hussein El Sherief 2024.03.07 07:17 
       

      One of the best Custom Fractals indicators for MT5. First: The indicator only shows the verified fractals and does not repaint. i.e, it waits for the right number of bars on the right of the candle. Second: The buffers are permanent and do not disappear. It is quite easy to call it with iCustom in your EA. The only feature I would request is the ability to choose the number of bars on left and on right . Thanks to the author for the well-thought-of indicator (with permanent Buffers!).

      Pavel048
      331
      Pavel048 2023.12.02 17:28 
       

      Недооцененный индикатор. Простой и надежный. Лучший индикатор для новичка в торговле. Ничего менять в настройках не нужно, да их и нет.

      kevin E.
      80
      kevin E. 2022.09.02 01:54 
       

      Great indicator. All thanks to the developer

      Fausto Sousa
      28
      Fausto Sousa 2021.12.13 11:44 
       

      top!!

      Marciano Santos
      111
      Marciano Santos 2021.11.16 19:07 
       

      User didn't leave any comment to the rating

      Quantum Trader
      3015
      Quantum Trader 2021.07.05 11:44 
       

      SIMPLE AND GOOD TO KNOW BREAKOUT LEVEL ASIDE WITH WITH OTHER TOOLS , THANK YOU FOR THIS

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