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NewFractalLinesEng

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Published: 25 April 2025

Current version: 1.0

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NewFractalLinesEng

Indicators
Sergei Turov
Version: 1.0

🟩 NewFractalLines — Fractal Level Indicator with Trend Lines

NewFractalLines is an advanced indicator for MetaTrader 5 that automatically detects local price extremes (fractals) and displays them as horizontal trend lines on the chart. The lines are drawn precisely at the high and low of candles that qualify as a fractal based on N bars before and after.

🔹 Purpose: Identify key support and resistance levels, visualize price turning points.

🔹 Use case: Level trading, scalping, price action patterns, trade confirmations.

🔹 Compatibility: Works on any instrument and time frame.

🔧 Input Parameters

N – Number of bars before and after to confirm an extremum (default: 5).

TimeFactor – Multiplier for the time length of the trend lines (in seconds).

MergeRangePoints – Range in points for merging nearby lines.

UseOpenClose – If true, uses open/close instead of high/low.

LookbackDays – Number of days back to draw levels.

📌 Features

✔️ Lines placed exactly on candle highs and lows of fractals

✔️ Automatically merges nearby levels to avoid clutter

✔️ Separate colors for bullish (green) and bearish (red) fractals

✔️ Lightweight and efficient – no buffer drawing

✔️ Optimized for both historical and real-time analysis

📸 Visualization

See the screenshots: levels are drawn at meaningful chart points, helping you quickly grasp market structure and react accordingly.

🧠 Recommendations

Best used on M15 and higher time frames for greater reliability

Combine with volume indicators, price action signals, or confirmation setups

Adjust the N value based on your trading strategy (higher for higher timeframes)

⚙️ Technical Info

Type: Non-buffered indicator using OBJ_TREND for line drawing

Chart window: Main chart

Codebase: 100% MQL5

Support: Available via comments or private messages

💬 Got ideas or feature requests? Reach out – this indicator is actively maintained and evolving.

📥 Download NewFractalLines now and add a powerful visual tool to your technical arsenal!

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Higher Timeframe Candles Viewer Description A MetaTrader 5 indicator that visualizes the opening and closing levels of higher timeframe candles on your current chart. Designed to simplify multi-timeframe analysis by highlighting key price levels from larger intervals. Key Features: Displays open/close lines of higher timeframe candles. Customizable colors for bullish and bearish candles. Auto-updates on timeframe or date changes. Clean removal of graphical objects when the indicator is deleted.

# TickVolumeLines — visualize tick volumes as horizontal trend lines ## Overview **TickVolumeLines** displays tick volumes as horizontal trend lines on the chart. - **Green line** appears at the **Low** of a bullish candle. - **Red line** appears at the **High** of a bearish candle. The thickness of each line corresponds to the tick volume on that bar. This helps identify high-volume bars visually and locate potential market interest zones. ## Features - Tick volume visualization

# TickVolumeLines — визуализация тиковых объёмов через линии на графике ## Описание Индикатор **TickVolumeLines** отображает тиковые объёмы в виде горизонтальных линий на графике. - **Зелёная линия** — на уровне **Low** бычьей свечи. - **Красная линия** — на уровне **High** медвежьей свечи. Толщина линии зависит от величины тикового объёма на баре. Индикатор помогает быстро визуально определить всплески объёма и потенциальные уровни интереса участников рынка. ## Особенности - В

Advantages of the Tick Volume Indicator: Identifying Market Sentiment : A predominance of green bars on the histogram may indicate an uptrend or strong buying pressure, useful for determining entry points for long positions. A predominance of red bars indicates a downtrend or strong selling pressure, useful for determining entry points for short positions. Analyzing Market Activity : The indicator helps identify periods of high activity, when significant changes are occurring in the market, and

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