Fractal_Bands - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Real author: jppoton@yahoo.com
Fractal Bollinger Bands. This indicator expands the Bollinger Bands width to avoid or minimize false entry/exit signals. This author's blog contains more information.
The original indicator was developed in MQL4 language and published in the code base on June 14, 2016.
Figure 1. Fractal_Bands indicator
Attachment download
📎fractal_bands.mq5 (37.63 KB)
Source: MQL5 #16915
Fractal_Bands - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Fractal_Bands - 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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