Advanced_Fractal_Envelopes - MetaTrader 5 Script - MT4/MT5 Resources
The Advanced Fractal Envelopes indicator builds two envelopes based on the average price of a predefined number of upper and lower fractals and the center line.
It has three tunable parameters:
Top = AvgFractUp
Bottom = AvgFractDn
Center = (AvgFractUp + AvgFractDn) / 2.0
AvgFractUp = SMA(SumAvgUp, average)
AvgFractDn = SMA(SumAvgDn, average)
SumAvgUp - sum of prices of the upper fractal within the average
SumAvgDn - sum of prices of the lower fractal within the mean
Attachment download
📎 advanced_fractal_envelopes.mq5 (15.61 KB)
Source: MQL5 #23425
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