iFreeNumFractals – indicator for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • Real author: Artyom Trishkin

    The indicator finds fractals of any dimension.

    In the settings, you can set the number of bars to search on the left (The number of bars on the left) and on the right (The number of bars on the right) of the central fractal point.

    Version 2.0 features a fixed algorithm that searches for fractals and a possibility to set the size of the required upper and lower fractals separately.

    In version 3.0, the following fractal search methods were added:

    • Accurate fractal
    • Inaccurate fractal

    Two types of fractals that will be searched when choosing different search methods are shown in the figure:

    Fig1. Fractals

    Get E-Book Worth $100 for Free!!!

    Fig1. Fractals

    This code was first implemented in MQL4 and published in Code Base at mql4.com on 16.11.2016.

    Fig.2. The iFreeNumFractals indicator

    Fig.2. The iFreeNumFractals indicator

  • How to install MT5 indicator?
  • 1. On the desktop, double-click to open the MT45 trading platform software you installed.
  • 2. Click on “File” in the upper left corner – “Open Data Folder”, double-click the MQL5 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT5, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window
  • 0/5 (0 Reviews)