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Fractal Direction ST Patterns MT4

Fractals Direction ST Patterns MT4 is a modification of Bill Williams' Fractals indicator, which allows you to specify any number of bars for finding a fractal. In the settings, it is also possible to set the number of points for determining the trend direction. The upward direction is determined if the last upper fractal is higher than the penultimate upper fractal. The downward direction is determined if the last lower fractal is lower than the penultimate lower fractal.

This simple indicator corresponds to the parameters of ST Patterns Strategy (https://stpatterns.com/). ST Patterns are recognized and built on the basis of the fact of breaking through the fractal levels and the distance to the Target. ST Patterns remove the uncertainty from the market and simplify the work of the trader.

The fractal consists of a two sets of arrows - up (upper fractals) and down (lower fractals). Each fractal satisfies the following conditions:

  • Upper fractal - maximum (high) of a signal bar exceeds or is equal to maximums of all bars from the range to the left and to the right;
  • Lower fractal - minimum (low) of a signal bar is less or equal to minimums of all bars from the range to the left and to the right.

Arrows with a slope are used to indicate the direction of the trend.


Input parameters

  • Bars around - the number of bars before and after the central bar.
  • Arrow offset - offset of the array from the bar's High/Low in points.
  • Trend detect offset - the number of points for determining the trend direction.

You can set the arrows' color and size separately for upper and lower fractals on Colors tab.

Comentarios 7
Traderup
34
Traderup 2020.08.17 09:57 
 

Excellent demonstrates the direction of the market, I recommend it.

Juan Gallego
192
Juan Gallego 2020.05.28 22:34 
 

This indicator works well, in order to know how to use it you should study the st patterns system

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The indicator calculates WPR formula on volume-aware indicators  Accumulation/Distribution , OnBalance Volume , or Price Volume Trend . WPR range is moved into positive domain [0..1] for convenience. Parameters WPR - period of WPR, by default 24; Base - type of the underlying indicator: AccumulationDistribution (by default), OnBalanceVolume, or PriceVolumeTrend; Price - applied price type for OBV and PVT, by default - Close; it's ignored in case of AD; Screenshots On the screenshots below th
12.50 USD
SR lines 4
Anton Gorin
SR lines 4 indicator draws the support and resistance lines on a chart. The lines are drawn using maximums and minimums. They are detected using intersections of two moving averages. The indicator has two input parameters: First MA Period and Second MA Period. They are used for specified the periods of the corresponding moving averages.
10 USD
MTF ADX with Histogram
Leonid Basis
Multi TimeFrame indicator MTF ADX with Histogram shows ADX indicator data from the TF by your choice. You may choose a TimeFrame equal or greater than current TF. Yellow line is representing a price trend from the upper TF. Green line is representing +DI from the upper TF. Red line is representing -DI from the upper TF. Green histogram is displaying an Up-trend. Red histogram is displaying a Down-trend.
30 USD
Angle Regression Line MT4
Vladimir Gotsulenko
The indicator allows determining the strength and direction of the trend precisely. The histogram displayed in a separate window shows changes of the slope of the regression line. A signal for entering a deal is crossing the zero line and/or a divergence. The indicator is also useful for wave analysis. Input Parameters: Period - period of calculation, 10 on default; Angle threshold - slope at which a flat is displayed, 6.0 on default (within the range from -6.0 to 6.0); Filter by volume - volume
10 USD
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sunnychow
8620
sunnychow 2019.03.08 16:07 
 

Thanks for share

Juan Gallego
192
Juan Gallego 2020.05.28 22:34 
 

This indicator works well, in order to know how to use it you should study the st patterns system

[Eliminado] 2020.06.22 10:54 
 

El usuario no ha dejado ningún comentario para su valoración

[Eliminado] 2020.08.15 12:54 
 

El usuario no ha dejado ningún comentario para su valoración

[Eliminado] 2018.11.17 12:33 
 

El usuario no ha dejado ningún comentario para su valoración

Traderup
34
Traderup 2020.08.17 09:57 
 

Excellent demonstrates the direction of the market, I recommend it.

Karandeep Singh Gill
243
Karandeep Singh Gill 2020.10.28 18:16 
 

El usuario no ha dejado ningún comentario para su valoración

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