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Attachments: Candlebreaker using modified fractals.
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Candlebreaker using modified fractals.

  • Post #1
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  • First Post: May 6, 2010 5:40pm May 6, 2010 5:40pm
  •  hilmy83
  • Joined Jun 2006 | Status: Do NOT tilt | 5,708 Posts
I used a modified version of fractal indicator in my trading. It allows me to specify the 'strength' of the fractals, in this case i use 10. It helps me identifiy the trend.

But i found a 'candlebreaker' indicator, it uses mt4 fractal indicator and hightlights the candles when price breaks a fractal. IT really helps visually to see it from this perspective . I wondering if someone could change the code of the indicator so that it references the modified fractal instead of the mt4 fractal which i can't change.

.Thank you in advance
Attached Files
File Type: mq4 CandleBreaker.mq4   5 KB | 788 downloads
File Type: mq4 i-FractalsEx.mq4   2 KB | 911 downloads
Working towards CME membership
  • Post #2
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  • May 6, 2010 8:12pm May 6, 2010 8:12pm
  •  yesbee1
  • | Joined Dec 2009 | Status: Member | 107 Posts
I gave it a shot. Will this work?
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File Type: mq4 CandleBreaker.mq4   6 KB | 730 downloads
  • Post #3
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  • May 6, 2010 8:26pm May 6, 2010 8:26pm
  •  hilmy83
  • Joined Jun 2006 | Status: Do NOT tilt | 5,708 Posts
Quoting yesbee1
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I gave it a shot. Will this work?
Ignored
looks good so far. Thanks yesbee!
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  • Last Post: Jul 11, 2010 3:26pm Jul 11, 2010 3:26pm
  •  agent6488
  • | Joined Jan 2010 | Status: Dog with two bones | 168 Posts
How does the fractal strength work? What is 10 a measurement of?

Edit: googled some more info on this. Seems the Fr period of 10 will take 10 candles before and after fractal into consideration. Have to wait 10 candles before the swing is indicated?
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