MJ Indicators Help Info

FRACKind_0.00.mq4 File Reference


Detailed Description

Author:
Copyright (c) 2011, MJ
Version:
0.00

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FRACKind_main.gif


SHORT DESCRIPTION: ALopBarTouchMaZone (ALERT Chart Bar touches the MA Zone (Zone between (incl MA themself) two MA's)

Is a CHART indicator to search fro Fractals kind pattern and is based on the idea of Bill Williams: FRACTALS - with some deviations.



COMPARE TO OTHER INDICATORS: To simulate a normal FRACTAL but with ignoring the restriction 1: use _iBarsBeforeMid = 2, _bBarsBeforeOrder = false and _iBarsAfterMid= 2, _bBarsAfterOrder = false


Description: Bill Williams: Book:"Trading Chaos" (Page 135, 136)

 The Initiating Fractal Pattern: A fractal pattern on a bar chart(of any time span) consists of a minimum of five consecutive bars. Our working definition of this initiating fractals is that
 the middle bar must have a higher high (or lower low) than the two preceding bars and the two following bars. ....

 It is important to note the following restrictions:
  - 1. If a bar's high is parallel to the middle or high(low) bar, it does not count as one of the five bars in the fractal because it does not have a lower high ( higher low) than the middle bar.
  - 2. Two adjacent fractals may share bars.

 In an up fractal, we are interested only in the bar's high. In a down fractal, we are interested only in the bar's low.

This particular FRACKind is a small deviation from the above standard definition:



OTHER INPUT VARIABLES

Other Input Parameters which are specific to this Indicators etc....



_____________1_____________ = "<<< FRACKind SETTINGS >>>"



IMPORTANT: We use for parameters to control the FRACKind (Kind of FRACTALS) pattern search:

*iBarsBeforeMid: Number of Bars Before the _FracMidBarSHIFT to be considered: Standard Fractals use: 2.

*bBarsBeforeOrder: If TRUE: the Bars before the _FracMidBarSHIFT must be in order:

*iBarsAfterMid: Number of Bars After the _FracMidBarSHIFT to be considered: Standard Fractals use: 2.

*bBarsAfterOrder: If TRUE: the Bars after the _FracMidBarSHIFT must be in order:



_____________2______________ = "<<< PLOT FRACKind SETTINGS >>>"



"== FRAC UP Arrow =="

*dFracUPOffsetPoint: Offset to move the FRAC UP Arrow above the Bar High

*iArrowUPWingdingsNum: FRAC UP Arrow Wingdings Font Symbols Numbers.

*iArrowUPSize: FRAC UP Arrow Size.

*cArrowUP: FRAC UP Arrow Color.


"== FRAC DOWN Arrow =="

*dFracDNOffsetPoint: Offset to move the FRAC DOWN Arrow below the Bar Low

*iArrowDNWingdingsNum: FRAC DOWN Arrow Wingdings Font Symbols Numbers.

*iArrowDNSize: FRAC DOWN Arrow Size.

*cArrowDN: FRAC DOWN Arrow Color.

===== END OF ===== OTHER INPUT VARIABLES =====