Fractal - Adjustable Periods and Prices - MetaTrader 4 Script | Forex Indicators Download - MT4/MT5 Resources
One of the "classics", but different - unlike the built-in fractal indicators, this indicator allows you to:
PS: Also, the way fractals are calculated does not prevent upper and lower fractals from appearing on the same bar, which is the correct way to calculate them. Limiting it to only one fractal per bar introduces a bias that has no mathematical reason
Attachment download
📎 fractals_-_padjustable_period_l_priceq.mq4 (6.3 KB)
Source: MQL5 #25473
Fractal - Adjustable Period and Price - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Fractal - Adjustable Period and Price - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 resources 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 only on titles or short-term profit descriptions.
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