Multiple Fractals
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. 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 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.
Description & Settings
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 10х10
The 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
