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The Expert Advisor generates trading signals based on the values of the FractalDivergence_Patterns indicator.
A Buy signal is generated when the indicator detects a support level, and a Sell signal is generated when the resistance level is found (see Fig. 1: blue arrows show buying, red arrows show selling). The Expert Advisor does not require the indicator to be additionally used, and can display the appropriate support and resistance levels.
Parameters
The "Fractal divergence...
The TemplateSwitcher utility allows automatically switching the set of indicators and objects used on the chart depending on the current timeframe and/or symbol.
It often happens that an indicator with a certain period is used on a chart of a higher timeframe, while the same indicator with an increased calculation period is required for a smaller timeframe. Of course, it is possible to open two charts of different timeframes with the required indicator periods. But what if duplication of...
Fractal Divergence Channel is based on the fractal divergence patterns, representing them in the form of a channel with the borders changing the moment the next pattern appears. The upper border of the channel corresponds to the upper part of the last found bearish fractal divergence pattern. The lower border of the channel is the lower part of the last found bullish pattern (see screenshot 1).
Compared to the FractalDivergence_Patterns indicator, the channel version has the same parameters...
A fractal divergence is a hidden divergence, based on Bill Williams' fractals.
A bullish fractal divergence is a combination of two lower fractals, the last of which is located below the previous one, and, at the same time, two candles to the right of the Low of the last fractal have Lows higher than the previous fractal level (see screenshot 1).
A bearish fractal divergence is a combination of two adjacent upper fractals, the last of which is located above the previous one, but, at the same...
The "Chart synchronization" utility (the SynchronizeCharts indicator) can help traders in simultaneous trading on multiple financial instruments, as it automatically scrolls all or selected charts of the terminal according to the position of the master chart. When scrolling the master chart back and forth in the timeline, the other charts will be scrolled similarly.
Four charts are shown in the screenshot 1. The EURUSD chart is the master chart, as the SynchronizeCharts indicator is attached...