Fractal_Channel - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Channel-based indicator Fractal Channel plots a channel based on a fractal of a given dimension.
It has one tunable parameter:
A frame is a window made of many bars into which a fractal must fit.
For a 1x1 fractal (left bar + center bar + right bar), the frame size must be 3,
For a 2x2 fractal, frame size = 5 (two left bars + one center bar + two right bars), and so on.
Figure 1. Frame = 3 (standard fractal size)
Figure 1. Fractal channel + fractal, frames = 3
Attachment download
📎fractal_channel.mq5 (8.16 KB)
Source: MQL5 #22723
Fractal_Channel - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
Fractal_Channel - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator 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 only on titles or short-term profit descriptions.
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