Frama - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

Several versions of frama are already available for mt4 and mt5. Some of the calculations are correct, but when it comes to mt5 they may be too slow. Some calculations are incorrect (giving the wrong impression that the periods used are actually calculation periods). This version does both: it calculates correctly and does it in a fast enough mode.

As a complement, there is an option that does not exist in the original framework: choose how to calculate highs and lows. As usual, some of Ehlers' explanations are vague. It's obvious from the above description that highs and lows can be "highest prices" and "lowest prices" - as described in the original definition - or they can be "highest highs" and "lowest lows", which is how Ehlers decided to write the original code for some strange reason, although he didn't describe it that way. This version adds an option to do this either way.

When using the actual selected highs and lows for fractal estimation, the indicator responds faster and is closer to what we would expect from the calculation period used

It can be used in the usual way (the way any average type indicator is used)

Attachment download

📎 frama.mq5 (11.4 KB)

Source: MQL5 #23515