Looking for a Fractal Channel Type Indicator/EA | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Non-deleting Fractal to Fractal Trendlines mq4 3 replies

Fractal alerts based on when fractal is confirmed 0 replies

Fractal based trendline indicator, horizontal fractal S/R indicator 6 replies

How to plot 'fractal' type arrow indicators 4 replies

FRACTAL CHANNEL Indicator 1 reply

Attachments: Looking for a Fractal Channel Type Indicator/EA
Exit Attachments

Looking for a Fractal Channel Type Indicator/EA

  • #1
  • First Post: Mar 8, 2009 9:51pm Mar 8, 2009 9:51pm
I was wondering if there are any indicators that would place a horizontal line at the last fractal that has been formed. I already have a fractal channel indicator that basically does this but it also draws lines in the past and I'd like them to not be there.

I've seen an indicator that draws the horizontal lines around an IB so I'm thinking it's possible to do for fractals as well.

In the first chart below I've manually drawn in the lines that I'm looking for. It would just be a time saver to have them drawn in without me having to do it manually.
The 2nd chart shows the fractal channel indicator with the lines in the past still there.

Thanks,
trublu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: horizontal lines.gif Size: 16 KB
Click to Enlarge Name: fractal channel.gif Size: 18 KB
  • #2
  • Mar 8, 2009 9:55pm Mar 8, 2009 9:55pm
I'm also hoping someone can write an EA where you would enter a trade on a break of the fractal's high or low. So you'd enter at the break of the horizontal line. This is just so I can back test easier and faster. So if anyone out there can program EA's I'd appreciate the help since I have no idea how to program anything. The chart below shows where you'd enter.

Thanks,
trublu
Attached Image (click to enlarge)
Click to Enlarge Name: hor. 2.gif Size: 18 KB
  • #3
  • Edited 11:25pm Mar 8, 2009 11:08pm | Edited 11:25pm
Yes, it is possible. If you have the fractal channel code then all you have to do is set it to use the last fractal to plot the horizontal lines.

http://i42.tinypic.com/2vipk5u.gif
TRO
  • #4
  • Mar 8, 2009 11:43pm Mar 8, 2009 11:43pm
or previouse fracts

some fract. channels in mql codebase (repaint too much, doesnt updates)
on TSD Igorad had few,+ fractal ichimoku
you can use zz picks as breakout levels
some indis draw trendlines through fractals (most will delete old TL, so Control-Click to copy TL you interested in ... etc)
make a search - lots of stuff around can be used
  • #5
  • Mar 9, 2009 7:06am Mar 9, 2009 7:06am
Quoting Money4Nothing
Yes, it is possible. If you have the fractal channel code then all you have to do is set it to use the last fractal to plot the horizontal lines.
Is it possible to draw those 2 horizontal lines without having the rest of the fractal channel show up. I have the fractal channel code but I don't know what you have to change to make the horizontal lines show up.

Also do you think creating an EA where it breaks through the fractal channel would be hard? It seems like it should be easy to make one but I don't really know since I have no programming knowledge.

Thanks,
trublu
  • #6
  • Apr 14, 2009 11:05pm Apr 14, 2009 11:05pm
I found an indicator that only draws the last 2 fractals. I can post it if any body wants it.

However I'm still looking for someone who can program to write an EA where it will buy/sell anytime price breaks the last fractal. All the EA needs to do is open the trade and have TP and SL parameters available so I can see what the best options are.

Does this sound like a hard EA to write? I've found some similar EA's online but nothing does exactly what I want and it would be a lost easier to back test with an EA. Unfortunately I have no programming knowledge whatsoever so I am unable to write my own code.

Thanks for everyone's time and hopefully some one will be able to help me out.
Trublu
  • #7
  • Apr 20, 2009 3:04pm Apr 20, 2009 3:04pm
Yes I'd be interested in that. Will it do fractals of different timeframes?

Many thanks,

Dave

PS. Sorry I can't help with the EA
  • #8
  • Edited 3:22pm Apr 20, 2009 3:15pm | Edited 3:22pm
Quoting dgrs
Yes I'd be interested in that. Will it do fractals of different timeframes?

Many thanks,

Dave

PS. Sorry I can't help with the EA
I've attached the Fractal Level Xrust indicator that draws the horizontal lines on it. It only shows the lines for the time frame you are on but if you change time frames the new lines show up for that time frame.

I've also attached an indicator that shows different fractals on one time frame so for instance it will show all the 15 and 30 min. fractals on a one hour chart. I don't use it but it might be what you're looking for.

I figured I'd also attach a fractal channel indicator. I use it when I day trade fractal breakouts.

Just for the record I didn't create any of these indicators, I just found them on different forums on the web.

trublu

PS. Have you traded fractal reversals or breakouts before? Right now I'm working on trading them on the 5 min. and the 4 hour, just wondering if you've done any trading with them.
Attached File(s)
File Type: mq4 Fractal_Level_Xrust.mq4   6 KB | 2,073 downloads
File Type: mq4 FractalChannel(2).mq4   2 KB | 2,124 downloads
File Type: mq4 fractalz.mq4   5 KB | 1,989 downloads
  • #9
  • Apr 20, 2009 4:01pm Apr 20, 2009 4:01pm
Quoting trublu
I've attached the Fractal Level Xrust indicator that draws the horizontal lines on it. It only shows the lines for the time frame you are on but if you change time frames the new lines show up for that time frame.

I've also attached an indicator that shows different fractals on one time frame so for instance it will show all the 15 and 30 min. fractals on a one hour chart. I don't use it but it might be what you're looking for.

I figured I'd also attach a fractal channel indicator. I use it when I day trade fractal breakouts.

Just for the...
Trublu,

Many thanks for the amazingly fast reply. I started a reply to you but got a bit confused about a few things....

You'll see in the chart that the fractal_level_Exrust indicator and the fractalz indicator concur with one another. Furthermore, the Exrust indicator does have a TF option so it does do, almost exactly what I want.

But the yellow channel indicator is the one I found and it doesn't concur.

I have to admit I have not studied fractals. I have used them to define range and a possible TP points. Also useful to double check not buying near a high or selling near a low

However, neither you indicators are actually making what I expected.... So I a bit confused!

Price has broken out of the Exrust channel. Why is the red line not redrawn to point 1 that I've marked? It is a low with a higher low either side... When does it choose to draw a new high or low fractal range?

As you can see, the yellow indicator I have, is redrawing itself constantly. I can see now that this is not so good if you're trading breakouts - you wouldn't know where the breakout line was!

In a perfect world (if only I was a genius programmer) I would have both and drawn in the future - that's why I've drawn those blue, purple and red horizontals in the future. An they would be fixed, until a new 'high' (as defined by a candle which is higher than the highs either side of it) was formed. Maybe even a dashed line could appear when the high has been compromised.

I do actually have a programmer working on this but haven't heard from him in a while. For your interest my fractal channel indicator which seems different from yours is attached.

Dave
Attached Image (click to enlarge)
Click to Enlarge Name: for FF.jpg Size: 121 KB
Attached File(s)
File Type: ex4 FractalChannel_v3[1].ex4   5 KB | 1,526 downloads
  • #10
  • Apr 20, 2009 4:41pm Apr 20, 2009 4:41pm
Quoting dgrs
Trublu,

Many thanks for the amazingly fast reply. I started a reply to you but got a bit confused about a few things....

You'll see in the chart that the fractal_level_Exrust indicator and the fractalz indicator concur with one another. Furthermore, the Exrust indicator does have a TF option so it does do, almost exactly what I want.

But the yellow channel indicator is the one I found and it doesn't concur.

I have to admit I have not studied fractals. I have used them to define range and a possible TP points. Also useful to double check...
The X rust indicator hasn't drawn a line at your point 1 because that is not a fractal. The next bearish candle after point 1 (the 2nd bar after point 1) breaks the low and therefore your point 1 is no longer considered a fractal. If you were watching the chart at the time before the point 1 low was broken a fractal would have appeared and then would have disappeared when the low was broken.

The fractal needs 2 lower lows on each side unless you are talking about a fractal as a 3 bar formation where as I always think of them as 5 bar formations. So the indicators I gave use 5 bar formations if you are thinking in terms of 3 bar formations then I don't think they'll work.

I think your fractal channel indicator works with the 3 bar formation instead of the 5 bar and that's why it is redrawing itself. The one I posted works with the 5 bar formation and it's important to wait for all 5 bars to close or else you'll think you have a fractal and then the low or high gets broken and it's no longer considered a fractal.

Thanks for the response and ask any more questions you have. I'm not an expert by any means but I've used fractals for a while so I know a little bit.
trublu
  • #11
  • Apr 20, 2009 4:49pm Apr 20, 2009 4:49pm
Thanks again for the quick response. That clarifies a lot. Just to be clear a fractal needs to be a 5 candle formation where the highs read for example;

1, 2, 3, 2, 1

This, for example, would not be accurate

1, 2, 5, 2, 3

I have acutally experimented with different types of high in my own trading not realising the true definition of a fractal.

Your indicator will be of good use to me. Thanks again,

Dave
  • #12
  • Apr 20, 2009 4:55pm Apr 20, 2009 4:55pm
Quoting dgrs
Thanks again for the quick response. That clarifies a lot. Just to be clear a fractal needs to be a 5 candle formation where the highs read for example;

1, 2, 3, 2, 1

This, for example, would not be accurate

1, 2, 5, 2, 3

I have acutally experimented with different types of high in my own trading not realising the true definition of a fractal.

Your indicator will be of good use to me. Thanks again,

Dave
The first example is the best example of a fractal. The second one would still be a fractal since the 5th bar (3) is still lower than the 3rd bar (5). As long as the 3rd bar has 2 bars on each side that are either higher or lower depending on the type of fractal it is still a fractal. Hope that makes sense.
trublu
  • #13
  • Sep 29, 2009 9:09pm Sep 29, 2009 9:09pm
Quoting trublu
I was wondering if there are any indicators that would place a horizontal line at the last fractal that has been formed. I already have a fractal channel indicator that basically does this but it also draws lines in the past and I'd like them to not be there.

I've seen an indicator that draws the horizontal lines around an IB so I'm thinking it's possible to do for fractals as well.

In the first chart below I've manually drawn in the lines that I'm looking for. It would just be a time saver to have them drawn in without me having to do it manually.
The...

I found this thread looking for the exact same ea. I see there hasn't been a post for some time now but I was hoping either, trublu has found this EA, or someone out there can make this ea happen and post it here for us.

Thanks,

Mike
  • #14
  • Sep 29, 2009 9:37pm Sep 29, 2009 9:37pm
Quoting mikemarlene
I found this thread looking for the exact same ea. I see there hasn't been a post for some time now but I was hoping either, trublu has found this EA, or someone out there can make this ea happen and post it here for us.

Thanks,

Mike
I actually haven't looked at trading with fractals in a long time, I think I should go back to them. Done some back testing on other things and still haven't found out a good way to trade so maybe some back tracking will help me out.

I completely forgot about this thread and my other fractal related thread just cause it's been so long since I've thought about fractals.

The real reason I was looking for an EA is so you can back test so much faster and easier, but this is a hard business so might just have to tough it out. If nothing else thanks for posting because your post has reminded of fractals and I need to get back to work with them so thanks again.

Do you have any experience with fractals or any other trading ideas? Seeing this is your first post so not sure what experience level you're at.

trublu
  • #15
  • Sep 29, 2009 10:52pm Sep 29, 2009 10:52pm
Here is a fractal level indicator...
Attached File(s)
File Type: mq4 FractalLevel.mq4   4 KB | 1,576 downloads
  • #16
  • Sep 29, 2009 11:58pm Sep 29, 2009 11:58pm
On a side note trublu, if your interested in trading fractals, check out Feb's thread (The System II. Yes with irony). That is the best thread i have seen in the use of fractals. They dont use indicators just price action but i think you will find they get in on trades earlier using fractals. Check it out its a great thread...
  • #17
  • Sep 30, 2009 6:41am Sep 30, 2009 6:41am
Quoting A-game
On a side note trublu, if your interested in trading fractals, check out Feb's thread (The System II. Yes with irony). That is the best thread i have seen in the use of fractals. They dont use indicators just price action but i think you will find they get in on trades earlier using fractals. Check it out its a great thread...

Thanks for posting the indicator A-game and I agree on Feb's thread, I used to follow it when I was looking at fractals more often, I'll have to start following it again.

trublu
  • #18
  • Jan 11, 2012 12:27am Jan 11, 2012 12:27am
hi trublu and all
do u have EA for this tread ?
please share me
thanks
  • #19
  • Jun 7, 2018 7:58am Jun 7, 2018 7:58am
Quoting trublu
I found an indicator that only draws the last 2 fractals. I can post it if any body wants it. However I'm still looking for someone who can program to write an EA where it will buy/sell anytime price breaks the last fractal. All the EA needs to do is open the trade and have TP and SL parameters available so I can see what the best options are. Does this sound like a hard EA to write? I've found some similar EA's online but nothing does exactly what I want and it would be a lost easier to back test with an EA. Unfortunately I have no programming...
Hi trublu,

If you are still around (it's been a long time!) could you post the fractal indicator that only paints the last 2 please?
  • #20
  • Jun 7, 2018 8:19am Jun 7, 2018 8:19am
i m using this and I'm very happy with this,let me know if u find useful?
I have realized this is same indicator as it is mentioned here.enjoy!
Attached File(s)
File Type: mq4 LineFractal (1).mq4   17 KB | 663 downloads
File Type: ex4 LineFractal.ex4   30 KB | 578 downloads
0 traders viewing now