LW_Fractals - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
A fractal (by Bill Williams) is a formation of five candlesticks (bars) where the average candlestick has the highest high (lowest low).
This indicator draws fractal arrows based on only three candlesticks (instead of five).
The indicator was first implemented in MQL4 and published in the code base of mql4.com on February 5, 2008.
LW_fractal indicator
Attachment download
📎 lw_fractals.mq5 (6.86 KB)
Source: MQL5 #1937
LW_Fractals - MetaTrader 5 script | Trading script download - MT4/MT5 resource usage and screening suggestions
LW_Fractals - MetaTrader 5 script | Trading script download - MT4/MT5 resources are trading script related resources. 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.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •