multiple fractals
Info
The multiple fractals is a Indicator for MetaTrader 5 that the indicator allows finding on the price chart fractals with different dimensions and displaying them simultaneously. it searches for fractals with dimensions form 1х1 to 10х10the indicator has five input parameters:min dimension of a fractal- the minimum dimension of fractals to display;max dimension of a fractal- the maximum dimension of fractals to display;use last bar- whether to use the current bar for search;upper fractals color- the color of upper fractals;lower fractals color- the color of lower fractals.
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 multiple fractals
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
the indicator allows finding on the price chart fractals with different dimensions and displaying them simultaneously.
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: fractals period indicator - another powerful indicator for MetaTrader 5 traders.
the indicator allows finding on the price chart fractals with different dimensions and displaying them simultaneously.
Also recommended: fractals: a powerful indicator for trend detection - similar indicator with strong performance on MetaTrader 5.
it searches for fractals with dimensions form 1х1 to 10х10the indicator has five input parameters:
min dimension of a fractal
- the minimum dimension of fractals to display;
max dimension of a fractal
- the maximum dimension of fractals to display;
use last bar
- whether to use the current bar for search;
upper fractals color
- the color of upper fractals;
lower fractals color
- the color of lower fractals. note that if you choose "yes" in
use last bar
, the rightmost found fractal can be canceled if the configuration of the right side of the fractal candlestick formation changes.
the fractals found are displayed in digits, which correspond to their dimensions.
fig.1 fractals with the dimension of 2х2
fig.2 fractals with the dimension of 3x3
fig.3 fractals with the dimension of 4x4
fig.4 fractals with dimensions of 2x2 to 10x10
You may also like: Candlestick Indicator for Multiple Symbols - 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.