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Indicators

Fractal Bands - indicator for MetaTrader 4

Jean-Philippe Poton | English Русский
Views:
25396
Rating:
(9)
Published:
2009.05.06 06:03
Updated:
2014.04.21 14:53
fractal_bands.mq4 (11.01 KB) view
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Following a modelisation of the price variation by Fractional Brownian Motion, this indicator increases the width the Bollinger Bands in order to avoid (or minimize) false signals (of entry or exit). For a more complete explanation, please see my blog: http://fractalfinance.blogspot.com/2009/05/from-bollinger-to-fractal-bands.html

Here is what this indicator looks like for a speed of the FRASMA (https://www.mql5.com/en/code/8866) set to 30. The red indicator is the Fractal Bands, and the blue is the Bollinger Bands (with a speed set to 30 as well), below is the Fractal Graph dimension (https://www.mql5.com/en/code/8844):

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