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Indicator FractalsBreakout
The description:
The indicator draws a two lines by two lower fractals and by two upper fractals. You can set other timeframe (it is a MTF-indicator). The indicator can generate popup-window "Alerts" at breakout line.
Parameters:
TimeFrame = timeframe where find fractals. Possible values: 0 - current chart, 1 - M1, 5 - M5, 15 - M15, 30 - M30, 60 - H1, 240 - H4, 1440 - D1, 10080 - W1, 43200 - MN.
MinimalDistance = minimal distance (amount pips) between two fractals. You can set the negative value.
MaxBarsBetweenFractals = maximal amount bars between two fractals. If between two fractals is more bars then don't draw line. Value 0 - without limit (option is disabled).
OnlyByTwoLastFractals = true - draw line only by two last fractals, false - draw line by last fractal and by nearest previous fractal that possible by limit MinimalDistance.
PopUpAlert = enable/disable to show popup-window "Alerts" at breakout line.
PopUpAlert_ByCurrentTick = define event for option PopUpAlert: true - event at current tick, false - event at last closed bar.
Color_UpperFractals = color for arrows at two upper fractals.
Color_UpperLine = color for upper line.
Color_LowerFractals = color for arrows at two lower fractals.
Color_LowerLine = color for lower line.
Line_Style = style of lines. Possible values: from 0 to 4.
Line_Width = width of lines. Possible values: from 1 to 5.
The status: Free-of-charge, it is possible to download the source-file.
Platform: MetaTrader 4.
Frequently asked questions:
How I can run a indicator ?
How I can determine that there was a error at execution of the indicator ?
How I can change parameters of the indicator ?
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