Hey there, fellow traders! If you’re looking to enhance your trading game, let’s talk about the MultipleFractals Indicator for MetaTrader 5. This nifty tool helps you identify fractals of various dimensions right on your price chart, and it does so simultaneously!
The indicator hunts for fractals ranging from 1x1 to 10x10, giving you a comprehensive view of market dynamics.
Here’s a quick rundown of the five input parameters you can tweak:
- Min dimension of a fractal – Set the minimum size of the fractals you want to display;
- Max dimension of a fractal – Choose the maximum size of fractals to show;
- Use last bar – Decide if you want to include the current bar in your search;
- Upper fractals color – Pick a color for the upper fractals;
- Lower fractals color – Choose a color for the lower fractals.
The indicator visually displays the fractals as digits corresponding to their dimensions, making it easy to analyze at a glance.
Fig.1 Fractals with the dimension of 2x2
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
So, whether you’re a newbie or a seasoned trader, the MultipleFractals indicator can provide valuable insights for your trading strategy. Give it a whirl and watch your analysis sharpen!
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