FractalChannel_Cloud - MetaTrader 5 Script - MT4/MT5 Resources
Trend Labs Ltd.
Fractal based channel with background filled inside the channel.
The indicator was first written in MQL4 and published in the code base on November 1, 2007.
Figure 1. FractalChannel_Cloud indicator
Attachment download
📎fractalchannel_cloud.mq5 (27.82 KB)
Source: MQL5 #22772
FractalChannel_Cloud - MetaTrader 5 script usage and filtering suggestions
FractalChannel_Cloud - 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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