Fractals Indicator Class Using Ring Buffers
Info
The Fractals Indicator Class Using Ring Buffers is a Indicator for MetaTrader 5 that this class is designed for calculating the fractals technical indicator using the algorithm of a ring buffer. DeclarationThe cfractalsonringbuffer.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Fractals Indicator Class Using Ring Buffers
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
This class is designed for calculating the Fractals technical indicator using the algorithm of a ring buffer.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Previous Day High, Low, and Close Indicator - another powerful indicator for MetaTrader 5 traders.
This class is designed for calculating the Fractals technical indicator using the algorithm of a ring buffer.Also recommended: Quantora ADR Calculator MT5 - Professional Average Daily Range Indicator for MetaTrader 5 - similar indicator with strong performance on MetaTrader 5.
Declaration
The cfractalsonringbuffer.mqh file must be placed in the inconringbuffer folder, which should be located in mql5\include\. Two example files are attached to this description, demonstrating the class usage. The class file should also be in the same folder.
Class Methods
The calculated indicator data can be accessed from the ring buffers, similar to a regular array. For instance:
- Indexing in ring buffers follows the same convention as in the standard array.
Examples
The test_fractals_onarrayrb.mq5 file calculates the indicator based on price time series, showcasing the mainonarray() method.
The test_fractals_onvaluerb.mq5 file illustrates the mainonvalue() method's usage. It first calculates and draws the Fractals indicator, then draws another Fractals indicator based on the first one's ring buffer.
Results:
- Test_fractals_onarrayrb.mq5 output with a ring buffer size of 256 elements.
- Test_fractals_onvaluerb.mq5 output with a ring buffer size of 256 elements.
This class utilizes the work of various developers from 2026 and earlier.
You may also like: Session High-Low Indicator for MetaTrader - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_chart_window
#property indicator_buffers 4
#property indicator_plots 4
#property indicator_type1 draw_arrow
#property indicator_type2 draw_arrow
#property indicator_type3 draw_arrow
#property indicator_type4 draw_arrow.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.