After doing the lesson on the fractal breakout strategy:
Fractal Breakouts
Lesson 06  Fractal Breakout Strategy
I was asked if the Fractal Support and Resistance ability is only available by using the dashboard. Quick answer is Yes and No
I haven't written a free indicator for this but you can use other indicators that are freely available. One is attached to this post '#KG Support and Resistance.mq4'.
Here's a shot of the dashboard functionality. I turned on the fractals (circles), multitimeframe support and resistance lines, and arrows (alerts are on as well).
And here's a shot with the Bill Williams Fractal indicator and the '#KG Support and Resistance.mq4' multitimeframe fractal SR indicator. The Bill Williams Fractal indicator is already part of MT4.
The KG version appears cluttered as it displays every fractal SR as a line ie multiple lines per timeframe. The dashboard version displays two lines per timeframe (from the most recent upper/lower fractal) for each enabled timeframe. The dashboard also displays breakout arrows and gives you alerts when a break occurs.
If you want the added functionality, please consider purchasing the dashboard ... it takes me a lot of effort to program indicators
Fractal Breakouts
Lesson 06  Fractal Breakout Strategy
I was asked if the Fractal Support and Resistance ability is only available by using the dashboard. Quick answer is Yes and No
I haven't written a free indicator for this but you can use other indicators that are freely available. One is attached to this post '#KG Support and Resistance.mq4'.
Here's a shot of the dashboard functionality. I turned on the fractals (circles), multitimeframe support and resistance lines, and arrows (alerts are on as well).
And here's a shot with the Bill Williams Fractal indicator and the '#KG Support and Resistance.mq4' multitimeframe fractal SR indicator. The Bill Williams Fractal indicator is already part of MT4.
The KG version appears cluttered as it displays every fractal SR as a line ie multiple lines per timeframe. The dashboard version displays two lines per timeframe (from the most recent upper/lower fractal) for each enabled timeframe. The dashboard also displays breakout arrows and gives you alerts when a break occurs.
If you want the added functionality, please consider purchasing the dashboard ... it takes me a lot of effort to program indicators
Attached File
#KG Support and Resistance.mq4
5 KB

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