Valid_Swing_HighLow - MetaTrader 5 Script - MT4/MT5 Resource
Effective Volatility High and Low is an advanced indicator of the 2х2 fractal. It differs from a standard fractal in that each new bar of the fractal is always higher/lower than the previous one.
It has a configurable parameter:
Figure 1. Drawing bars = fractal bars
Figure 2. Drawing Bar = Signal Bar
Attachment download
📎valid_swing_highlow.mq5 (10.2 KB)
Source: MQL5 #21856
Valid_Swing_HighLow - MetaTrader 5 script usage and filtering suggestions
Valid_Swing_HighLow - 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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