How do I install this Indicator on MetaTrader 5?

Download the file, open MetaTrader 5 -> File -> Open Data Folder, copy the file to the correct folder (Experts / Indicators / Scripts / Libraries), then restart the terminal.

How do I activate / load this Indicator?

Drag the Indicator from the Navigator onto your chart and adjust the input parameters as needed.

Is this compatible with MetaTrader 5?

Yes, this Indicator is built specifically for MetaTrader 5.

Is this Indicator safe to use with real money?

All tools are provided for educational and testing purposes. We strongly recommend testing on a demo account first. Trading involves significant risk of loss.

Can I use this Indicator on multiple charts?

Yes, you can apply multiple indicators on the same chart.

Can I customize the settings of this Indicator?

Yes. Right-click on the chart and select properties to open and adjust parameters.

Free frama Indicator for MetaTrader 5

MetaTrader 5 indicator

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frama

Info

The frama is a Indicator for MetaTrader 5 that theory :as described by john ehlers :we could measure the fractal dimension of prices by covering the curve with a series of small boxes. this is burdensome task, but if we note that the price samples are uniformly spaced, we note that the box count is approximately the average slope of the curve.

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 frama

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

theory :as described by john ehlers :we could measure the fractal dimension of prices by covering the curve with a series of small boxes.

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: fractal adaptive moving average (frama) - another powerful indicator for MetaTrader 5 traders.

theory :as described by john ehlers :we could measure the fractal dimension of prices by covering the curve with a series of small boxes. this is burdensome task, but if we note that the price samples are uniformly spaced, we note that the box count is approximately the average slope of the curve. therefore, we can estimate the box count as the highest price during an interval minus the lowest price during that interval , divided by the length of the interval itself. the equation for the number of boxes is then: n1 = (highestprice – lowestprice) / length we compute the fractal dimension by computing “n” over two equal intervals to get the averaging over each interval. box1 covers the period from 0 to t bars ago. box2 covers the period from t to 2t bars ago. therefore, n1=(highestprice – lowestprice) over the interval from 0 to t, divided by t. similarly, n2=(highestprice – lowestprice) over the interval from t to 2t, divided by t. we also define a n3 = (highestprice – lowestprice) over the entire interval from 0 to 2 t , divided by 2t. since we are looking backwards in time, the slope computation of the fractal dimension is d = (log(n1+n2) + log(n3)) / log(2)

Also recommended: Fast Frama Indicator for MT4/MT5 - similar indicator with strong performance on MetaTrader 5.

when using the actual chosen price for highest high and lowest low for fractal estyimation, the indicator is much more responsive, and is much closer to what we should expect from used periods of calculations
usage :
it can be used the usual way (the way any average type indicator is used)

You may also like: frama - floating levels - excellent alternative for indicator users on MetaTrader 5.

Source Code

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⚠ 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.