Convert X-bars Fractals Indicator (Serhii Ivanenko, MQL5) to ProRealTime
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Fractals are used to identify market structure — a moment t where:
Down fractal:
Low(t) <= Lowest(t-a, t+b)
for the minimum in domain[t-a, t+b]Up fractal:
High(t) >= Highest(t-a, t+b)
for the maximum in domain[t-a, t+b]Example:
Iflookback = 20anda = b = 3Assume that at time
t = i = 10(bar index, where0is current,1is previous,nis nth bar, etc.):Lowest(10-3, 10+3)→Lowest(7 to 13)=Low(10)
Thent = 10is a down fractal.Reference:
Here is the code of the existing indicator (X-bars Fractals from Serhii Ivanenko) that would be great to convert for ProRealTime users:
https://www.mql5.com/en/code/1381Thank you !
Have you tried it, because it works fine for me…
What doesn’t work…?When I tried it yesterday during regular trading hours, it didn’t work. Now that I’ve tried it when the market is closed, it mostly works. This happens sometimes to me with other indicators as well. I wonder why… But there are many false positives. Take a look at the screenshots here where NLB and NRB = 2; there are many examples of the displayed fractal not being the local min or max of the candle range (t-2, t+2, so in total 5 candles). Do you know why this happens?
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Topic Details
| Forum: | ProBuilder: Indicators & Custom Tools |
| Language: | English |
| Started: | 08/11/2025 |
| Status: | Active |
| Attachments: | 4 files |
