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Flexible Fractals Line

FREE

Published: 4 July 2021

Current version: 1.0

Flexible Fractals Line

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!

more...

Andrew_ft 2024.03.11 14:20 #

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

376

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!).

310

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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