Author: Artyom Trishkin
If you're diving into the world of trading, understanding fractals can be a game-changer. The iFreeNumFractals indicator for MetaTrader 5 is designed to help you spot these crucial patterns with ease.
This nifty tool allows you to tweak the settings to define how many bars to look for on either side of a central fractal point. You can adjust The number of bars on the left and The number of bars on the right to suit your trading strategy.
With the release of version 2.0, you’ll find a reliable algorithm that efficiently identifies fractals. Plus, you can customize the size of the upper and lower fractals individually, giving you more control over your analysis.
Version 3.0 introduced new methods for searching fractals:
- Accurate fractals
- Inaccurate fractals
Check out the illustration below to see how these two types of fractals are represented based on the selected search method:
Fig1. Fractals
This indicator was originally developed in MQL4 and made its debut on the Code Base at mql4.com back on November 16, 2016.
Fig.2. The iFreeNumFractals indicator
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