AW Flexible Fractals MT5

3.7

The indicator analyzes the price structure of fractals and determines possible reversal points in market dynamics. Fractals can be used as support and resistance levels


Advantages:

  • Works on all instruments and timeseries,
  • Does not redraw its results,
  • Customizable colors of indicator elements,
  • Pairs perfectly with any trend strategy,
  • Adjusting the strength of fractals. 

MT4 version indicator -> HERE   /   AW Fractals EA MT5 -> HERE


Strategy:

Fractals are a combination of candles that form a geometric figure in the form of a wedge with a peak in the center. That is, when the average price is a peak and the subsequent and previous ones before the peak are located below or above the peak candle. These marks can be used as support and resistance levels. AW Flexible Fractals is an indicator that indicates signals not instantly, but with a delay, which is due to the structure of the fractal.

To detect a signal in the variable "Number of candles on each side of the fractal" you can adjust the number of bars on each side of the central point of the fractal.

The default settings use the value “2” - this means that the signal will be set when relative to the central (upper) fractal there are 2 bars lower on each side. Of these, the one closest to the fractal on each side will be the middle one, and the next one will be the lowest in the group. The indicator will draw a fractal when all bars in the pattern are closed.

The trader can adjust the type of fractals:

  • When using the "All Fractals" type, there will be more signals, since the fractal figure for the signal to arrive does not have to be exact.
  • When using the "Strong Fractals" type, fewer signals will be received, but the figure when forming a group should be more accurate and the signal should be stronger.


Input settings:

  • Fype_of_fractal - Select the type of incoming signals when forming fractals.
    • Strong_fractals_only - The number of fractals will be smaller, but their quality will be higher.
    • All_fractals - The number of fractals is greater, since the fractal figure is not as precise.
  • Number_of_candles_on_each_side_of_the_fractal - Number of candles on each side relative to the top point of the fractal
  • Bars_limit_for_calculation - The number of candles on which the indicator will be calculated
  • Up_Fractal_Color - Color of indicator elements when an upward signal arrives
  • Down_Fractal_Color - Color of elements when a downward signal arrives


Support:

We are happy to provide our designs for free, but due to our limited time, all free products are provided without any support.

Thanks for understanding.

Reviews 14
Ernesto Jorge Costa Martins
321
Ernesto Jorge Costa Martins 2023.09.09 01:38 
 

Very good indicator I am using every day !

silentleopard1 Erick
31
silentleopard1 Erick 2023.06.01 22:20 
 

Use this while trading with the intraday trend . I LIKE how I can change the traditional 5 period fractal to 3 when I'm adding to my position during a pull back either buying or selling doing intraday breakouts ! I agree with the trader below that it would be good to have a fractal breakout alert built in !

Evgeny Belyaev
91927
Evgeny Belyaev 2022.05.25 19:24 
 

Excellent product.

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MERAVITH SCANNER is a professional financial market indicator for MetaTrader 5 that consolidates multiple analytical tools into one integrated system. It performs all calculations automatically using a proprietary volume-weighted average price methodology, eliminating subjective interpretation entirely. This indicator contains features that may not supported by the MetaTrader current testing environment The indicator works on all asset classes (Forex, Stocks, Indices, Commodities, Cryptocurrenc
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Gloria Sarpong
6656
Gloria Sarpong 2024.04.09 11:52 
 

User didn't leave any comment to the rating

Jerrycuellar
134
Jerrycuellar 2024.01.27 17:11 
 

Buen indicador gracias por compartirlo con paciencia se aprende a entender el sistema de alertas

Ernesto Jorge Costa Martins
321
Ernesto Jorge Costa Martins 2023.09.09 01:38 
 

Very good indicator I am using every day !

Mustafa Nail Sertoglu
1103
Mustafa Nail Sertoglu 2023.07.24 08:26 
 

THX for Sharing Free, good for turning points but my trading strategy need more convenient one

Louis Mmolawa
32
Louis Mmolawa 2023.06.19 07:50 
 

goood

silentleopard1 Erick
31
silentleopard1 Erick 2023.06.01 22:20 
 

Use this while trading with the intraday trend . I LIKE how I can change the traditional 5 period fractal to 3 when I'm adding to my position during a pull back either buying or selling doing intraday breakouts ! I agree with the trader below that it would be good to have a fractal breakout alert built in !

a7m3d900
27
a7m3d900 2022.08.12 13:41 
 

the indicator is good , but it lacks a very important feature, which is to send alerts to the phone when the fractal appears It deserves 5 stars but I would give it 4 . I hope to add it as soon as possible .. Thank you in advance🌹🌹

Evgeny Belyaev
91927
Evgeny Belyaev 2022.05.25 19:24 
 

Excellent product.

ma_rizzon
14
ma_rizzon 2022.04.25 16:34 
 

Existe um Bug no indicador e não é problema no meu MT5, pois os outros indicadores funcionam normalmente... Esse Bug também acontece no simulador. O indicador mostra os sinais com um certo atraso, mas é bom, com a estratégia certa ele é bem assertivo, só precisa arrumar essa falha ai.

AW Trading Software Limited
195352
Reply from developer Alexander Nechaev 2022.04.26 16:54
Hello.
The delay is due to the essence of the Fractal strategy. AW Flexible Fractals is an indicator that indicates signals not instantly, but with a delay, due to the structure of the fractal.
The indicator will draw a fractal when all bars in the pattern are closed. Best Regards
ahmadiiiii
197
ahmadiiiii 2022.02.27 19:10 
 

not good

Eder1
87
Eder1 2022.02.19 02:41 
 

The notification asked me for a comment. I haven't tested it yet, mt5 has been updated, version 3180, lots of bugs and custom indicators won't open.

AW Trading Software Limited
195352
Reply from developer Alexander Nechaev 2022.02.19 15:43
Hello. The bug you are talking about is not related to this product. Because this problem is caused by your terminal. Try restarting the terminal or use a different terminal. Best Regards
gilbertociconello
34
gilbertociconello 2022.02.06 16:02 
 

Olá!!! Poderia passar os parâmetros do iCustom e buffers, por favor??

09068916198
64
09068916198 2022.01.02 05:24 
 

good

Ruhail Ashraf Khan
631
Ruhail Ashraf Khan 2021.09.13 19:07 
 

User didn't leave any comment to the rating

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