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Improved Fractals

FREE

Published: 13 April 2017

Current version: 1.2

Improved Fractals

4.5

Indicators
Denis Glaz
Version: 1.2
Updated: 10 February 2023

This is a modified Fractals indicator. It works similar the original Bill Williams' indicator, and is additionally enhanced with the possibility to change the top radius, in contrast to the standard radius of 2 bar. Simply put, the indicator checks the top and if it is the minimum/maximum in this radius, such a top is marked by an arrow.

Advantages

Adjustable radius.
Use for drawing support and resistance levels.
Use for drawing trend channels.
Use within the classical Bill Williams' strategy or in its modifications.

Input parameters

Radius — the radius of the fractal.

Extra

I regularly publish modified versions of standard indicators. You can find these indicators and my other applications here.
If you have ideas or need a modification of any indicator, please contact me—I will consider your suggestion and may publish it.

more...

Thomson Sivongxay 2019.03.06 04:57 #

Depends on how you use it. For me i track it a shorter radius. Nothing is concrete in technical trading. You always got to monitor your trades. Thank you Denis.

206

Nam Phueng 2019.04.21 10:42 #

Interesting adaptation. Thanks for sharing.

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Filter:

KERE Mohamed 2023.02.11 14:12 #

Hello Mr. Glaz. Once again I express my gratitude to you for agreeing to allow me to download this indicator after deleting it from the list of marketed indicators. May the Almighty give it back to you a hundredfold. I use it mainly when it appears for the third time on my trend line before selling or buying depending on the market context. And that works wonderfully for me. Thank you once again because you have just made a person on earth financially profitable. Have a nice weekend in divine grace.

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Nam Phueng 2019.04.21 10:42 #

Interesting adaptation. Thanks for sharing.

Thomson Sivongxay 2019.03.06 04:57 #

Depends on how you use it. For me i track it a shorter radius. Nothing is concrete in technical trading. You always got to monitor your trades. Thank you Denis.

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Matthew Todorovski 2018.06.30 14:09 #

User didn't leave any comment to the rating

Version 1.2 2023.02.10

Recompiled version for current MT4 build

Version 1.1 2017.04.24

1. Fixed a plotting error that prevented the arrows from being displayed without refreshing a chart.
2. Added a check for invalid radius values: too big value, negative values and zero.