MI_Fractal - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

Original author:

A fractal indicator with extended functionality.

You can specify the number of candlesticks for each side of the fractal determination, as well as the minimum difference between extreme points and adjacent peaks:

 //+------------------------------------------------------------------------+
//|Indicator input parameters |
//+------------------------------------------------------------------------+
Enter unit number left = 10 ; // Number of candles on the left
Enter unit correct count = 2 ; // Number of candles on the right
Input unit minimum difference = 10 ; // Minimum distance from extreme point to peak
Input integer superscript = 217 ; //superscript fractal label
Input integer Dn label = 218 ; // Lower fractal label

The original code was published in the code base on December 27, 2012.

Figure 1. MI_Fractal indicator

Attachment download

📎mi_fractal.mq5 (7.14 KB)

Source: MQL5 #12691