Fractals Box

v10.3
Fractals Box

This indicator represents the last levels of fractals with boxes allowing to trade the breakouts of these zones of supports and resistances.

Boxes are created on the fly at each new bar. The indicator using loops being prone to heavy calculation, I suggest you use only a relatively weak lookback period (parameter to be changed in the indicator window).

It is possible to modify the transparency of boxes using the variable “alpha”, located at 100 by default (maximum = 255).The boxes can be of different colors by adjusting the MaxPipsBox setting highlighting red boxes larger than MaxBoxPips.

The indicator has been converted from a Metatrader4 version following a request from someone in the corresponding forum.

 

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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  1. swapping • 191 days ago #

    Toujours aussi prolifique Nicolas 😉 Ce sera donc du Darvas à la sauce Forex, excellent je prends …

  2. juanj • 190 days ago #

    Kinda reminds me of Renko Trading

  3. Real Pro • 156 days ago #

    Hi Nicolas, I’m having trouble changing the colours according to the instructions you gave. Could you explain please?

    • Nicolas • 156 days ago #

      https://www.prorealcode.com/topic/mt4-fractal-box/

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