Technical Indicators for MetaTrader 4
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MetaTrader 4
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Overview
Indicator of fractals with adjustable indents. Designed according to an original simplified algorithm for use in EA.
The main ones in the indicator are lines showing the levels of the current fractals, which allows you to read the values of the last fractal in one operation.
It works on a closed bar, so it does not redraw and does not load the terminal with calculations.
It should be understood that the indicator is late with the detection of the fractal by the number of bars on the right plus 1.
Indicator parameters:
Fraktal bars left - number of bars to the left of the fractal;
Fraktal bars right - number of bars to the right of the fractal;
Draw Arrow? - draw icons;
Arrow Up Code - character code from the Wingdings font of the upper fractal;
Arrow Down Code - character code from the Wingdings font of the lower fractal;
Arrow Gap (pips) - indentation of the icon in pipes.
