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Fractal Bands – indicator for MetaTrader 4

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Old 01-03-2018, 14:59
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Default Fractal Bands – indicator for MetaTrader 4

chart_fractalbands_bw_small.gif

Following a modelisation of the price variation by Fractional Brownian Motion, this indicator increases the width the Bollinger Bands in order to avoid (or minimize) false signals (of entry or exit). For a more complete explanation, please see my blog: http://fractalfinance.blogspot.com/2009/05/from-bollinger-to-fractal-bands.html

Here is what this indicator looks like for a speed of the FRASMA (http://codebase.mql4.com/5551) set to 30. The red indicator is the Fractal Bands, and the blue is the Bollinger Bands (with a speed set to 30 as well), below is the Fractal Graph dimension (http://codebase.mql4.com/5525):

How to install Fractal Bands – indicator for MetaTrader 4.mq4?


    Download Fractal Bands – indicator for MetaTrader 4.mq4
    Copy Fractal Bands – indicator for MetaTrader 4.mq4 to your Metatrader Directory / experts / indicators /
    Start or restart your Metatrader 4 Client
    Select Chart and Timeframe where you want to test your MT4 indicators
    Search "Custom Indicators" in your Navigator mostly left in your Metatrader 4 Client
    Right click on Fractal Bands – indicator for MetaTrader 4.mq4
    Attach to a chart
    Modify settings or press ok
    Indicator Fractal Bands – indicator for MetaTrader 4.mq4 is available on your Chart

How to remove Fractal Bands – indicator for MetaTrader 4.mq4 from your Metatrader Chart?


    Select the Chart where is the Indicator running in your Metatrader 4 Client
    Right click into the Chart
    "Indicators list"
    Select the Indicator and delete

Click here below to download:

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