FractalChannel_Stop

Originally Posted by ScubaZsolo

Thank you very much Matfx!

You are welcome.

Originally Posted by igorad

Hi,

Please check out the updated FractalChannel_Stop indicator for the new MT4.

Attachment 9096

Regards,
Igor

Good Day, Is there a FractalChannel_Stop for MT5?

Regards

Originally Posted by Eris

Good Day, Is there a FractalChannel_Stop for MT5?

Regards

I think - it was not coded for Igorad. I will make a request to him about MT5 version.

FractalChannel_Stop signal for EURUSD and GBPUSD.

We may use the FractalChannel stop line for target, just for example.

Originally Posted by igorad

Hi,

Please pay attention to one more indicator from the SAR category - FractalChannel_Stop, the first version of which I developed for MT3 in 2004.
In this version you can find the new important parameter - Ratchet:

• < 0 - stops follow by the Fractal Channel strictly
• = 0 - stops move in one direction(similar to old versions)
• > 0 - stops follow by the channel with FractalSize of which will gradually decrease with each new HH/LL for uptrend or downtrend respectively.

Please note this parameter can be a fractional value, for example, if it's equal 0.25 then the FractalSize will decrease every 4 HH bar for uptrend.

Code:

extern int     TimeFrame            =     0;    //TimeFrame in min
extern int     UpBandPrice          =     2;    //Upper Band Price(ex.2 for High)     
extern int     LoBandPrice          =     3;    //Lower Band Price(ex.3 for Low) 
extern int     FractalSize          =     2;    //Fractal Size in bars (ex. 1-3 bars,2-5 bars,3-7 bars)
extern double  Risk                 =     0;    //Channel Narrowing Factor(0..0.5)   
extern double  Ratchet              =   0.0;    //Ratchet(-1-off,>= 0-on) 
extern double  MoneyRisk            =  1.00;    //Offset Factor(eg.1.2)

extern int     SignalMode           =     1;    //SignalMode: 0-off,1-on 
extern int     LineMode             =     1;    //Line mode : 0-off,1-on  
extern int     DotMode              =     1;    //Dot mode  : 0-off,1-on  
extern int     BarsMode             =     1;    //Bars mode : 0-off,1-on  

extern string  alerts               = "--- Alerts & Emails ---";
extern int     AlertMode            =     0;
extern int     SoundsNumber         =     5;    //Number of sounds after Signal
extern int     SoundsPause          =     5;    //Pause in sec between sounds 
extern string  UpSound              = "alert.wav";
extern string  DnSound              = "alert2.wav";
extern int     EmailMode            =     0;    //0-on,1-off   
extern int     EmailsNumber         =     1;    //0-on,1-off

Attachment 1232


Regards,
Igor

Hello,

can you make mq5 version?

A new article with a new technical indicator in our series as we will learn how to design a trading system based on one of the most popular technical indicators that's the Fractals indicator.

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Bill Williams’ fractal indicator is a pivotal and important indicator amongst the collection habits known for. It primarily identifies reversal points in price action of traded symbols. Based on the concept of fractals, as a repetitive 5-bar pattern often marked as bearish if the middle bar of the 5 has the highest high, or bullish in cases where the middle bar has the lowest low. We look at some of this indicator's patterns that can be utilised by traders, as we have in the past with MQL5 wizard articles.

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