Frama
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup 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.
Description & Settings
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)
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)
