Fractal_Level_Xrust - MetaTrader 5 Script - MT4/MT5 Resources
The indicator draws horizontal lines above and below the last fractal level and displays information about the obtained fractal channel in the upper left corner of the indicator.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on 15.08.2008.
Figure 1 Fractal_Level_Xrust indicator
Attachment download
📎fractal_level_xrust.mq5 (11.65 KB)
Source: MQL5 #1673
Fractal_Level_Xrust - MetaTrader 5 script usage and filtering suggestions
Fractal_Level_Xrust - MetaTrader 5 scripts are resources related to trading scripts. 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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