MTF Fractals
- Indicateurs
- Krisztian Kenedi
- Version: 1.881
Multi timeframe fractal indicator which shows the higher timeframe's fractal point on lower timeframes.
Parameters
- Fractal_Timeframe: You can set the higher timeframes for fractals.
- Maxbar: You can set the maximum number of candles for the calculations.
- Up_Fractal_Color, Up_Fractal_Symbol, Down_Fractal_Color, Down_Fractal_Symbol: Color and style settings of the fractal points.
- Extend_Line: Draws a horizontal line from the previous fractal point until a candle closes it over or a user-specified forward and backward length.
- Extend_Line_Until_Left_Candles, Extend_Line_Until_Right_Candles: You can set fixed length of the extend line function.
- Extend_Line_to_Background: Move horizontal line object to background or not.
- Show_Validation_Candle: Marks a candle with a point when the higher timeframe's fractal is validated and the fractal point appears.
- Up_Fractal_Extend_Line_Color, Up_Fractal_Extend_Width, Up_Fractal_Extend_Style, Down_Fractal_Extend_Line_Color, Down_Fractal_Extend_Width, Down_Fractal_Extend_Style: Color and style settings of the extended lines.
If you have a strategy that suddenly stops working, there's a good chance that a fractal from a higher timeframe has kicked in. This distorts or warps the normal behavior of the indicators of the lower timeframe. This tool helps you to know, not be blindsided, and adjust your strategy accordingly.