Advanced_Fractal_Overlay - MetaTrader 5 Script - MT4/MT5 Resources
The Advanced Fractal Overlay indicator displays the chart as colored candles based on the direction of price movement relative to the last upper or lower fractal.
There are no parameters to adjust.
Figure 1. Advanced fractal overlay
Figure 2. Advanced fractal overlay + fractal
Attachment download
📎 advanced_fractal_overlay.mq5 (13.9 KB)
Source: MQL5 #23423
Advanced_Fractal_Overlay - MetaTrader 5 script usage and filtering suggestions
Advanced_Fractal_Overlay - MetaTrader 5 script is a resource 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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