New_Fractals_Lines - MetaTrader 5 Script - MT4/MT5 Resources
This indicator shows a "squatter" fractal related to trading volume.
The indicator was first implemented in MQL4 and released in the code base on July 13, 2007.
Figure 1. New_Fractal_Lines indicator
Attachment download
📎 new_fractals_lines.mq5 (8.65 KB)
Source: MQL5 #2381
New_Fractals_Lines - MetaTrader 5 script usage and filtering suggestions
New_Fractals_Lines - MetaTrader 5 scripts are resources related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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