Polarized Fractal Efficiency Indicator
Info
The Polarized Fractal Efficiency Indicator is a Indicator for MetaTrader 5 that polarized fractal efficiency is a technical indicator that displays the current market price efficiency. The indicator values oscillate between -1 and +1, with the central line passing through the 0 level.
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 Polarized Fractal Efficiency Indicator
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
Polarized Fractal Efficiency is a technical indicator that displays the current market price efficiency.
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: institutional fractal dimension index (regime detector) - another powerful indicator for MetaTrader 5 traders.
Polarized Fractal Efficiency is a technical indicator that displays the current market price efficiency.Also recommended: fractal adaptive moving average (frama) - similar indicator with strong performance on MetaTrader 5.
The indicator values oscillate between -1 and +1, with the central line passing through the 0 level.A descending trend is assumed when the indicator value is positive, and an ascending trend when the indicator value is negative.
It is recommended to buy when the indicator value falls below -0.5, and to sell when the indicator value rises above +0.5.
Supported Moving Average Types:
- Simple Moving Average
- Exponential Moving Average
- Smoothed Moving Average
- Linear Weighted Moving Average
- JMA Adaptive Average
- Ultralinear Smoothing
- Parabolic Smoothing
- Tillson's Multiple Exponential Smoothing
- Smoothing using Tushar Chande's Algorithm
- Smoothing using Perry Kaufman's Algorithm
It should be noted that phase type parameters for different smoothing algorithms have completely different meanings. For JMA, it is an external phase variable changing from -100 to +100. For T3, it is a smoothing ratio multiplied by 100 for better visualization. For VIDYA, it is a CMO oscillator period. For AMA, it is a slow EMA period. In other algorithms, these parameters do not affect smoothing. For AMA, the fast EMA period is a fixed value and equals 2 by default. The ratio of raising to the power is also equal to 2 for AMA.
The indicator uses smoothalgorithms.mqh library classes. These classes must be copied to the terminal_data_folder\mql5\include.
This indicator was first implemented in MQL4 and published in 2026.
You may also like: fractals period indicator - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_separate_window
#property indicator_buffers 1
#property indicator_plots 1
#property indicator_type1 draw_line
#property indicator_color1 dodgerblue
#property indicator_style1 style_solid
#property indicator_width1 1.......
⚠ 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.