Fractalsalligatorfilter

Fractals Alligator Filter is an indicator for MetaTrader 5 that detects fractals and filters them according to their position relative to the Alligator lines.

There is also the HotkeyFractalsEA utility designed to simplify trading.

The indicator automatically separates fractals into valid and invalid fractals:

• valid fractals are displayed with colored arrows;
• invalid fractals can be displayed separately or hidden in the settings.

Two filtering modes are available:

• filtering relative to the Teeth line;
• filtering relative to all Alligator lines.

Chart display:

• green arrows — valid up fractals;
• red arrows — valid down fractals;
• gray arrows — invalid fractals.

Indicator features:

• automatic fractal detection;
• signal filtering using the Alligator;
• valid and invalid signal classification;
• optional display of invalid fractals;
• built-in time filter for H1 and lower timeframes;
• sound alerts for new valid signals;
• configurable Alligator periods and shifts;
• calculation limit by number of bars.

Main inputs:

• Jaw Period / Shift;
• Teeth Period / Shift;
• Lips Period / Shift;
• Filter Mode;
• Show Invalid Fractals;
• Max Bars;
• Arrow Settings;
• Time Filter Settings;
• Alert Settings.

The indicator works directly on the price chart and supports different trading instruments and timeframes.