Fractional Bands – indicator for MetaTrader 4

[Metatrader Indicators]

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Fractional Bands uses a modelisation of price variation by a Fractional Brownian Motion, that incorporates the consideration of the Fractal dimension, contrary to the Bollinger Bands, which are based on a Wiener Brownian Motion (a particular case of the Fractional Brownian Motion). They also use a different equation from the Fractal Bands (http://codebase.mql4.com/5590). This difference, while being more consistent with the model on a mathematical point of view, does not seem to provide an indicator as interesting at a trading point of view. Nonetheless, it might still be of some use in combination with other indicators.

More details on my blog: http://fractalfinance.blogspot.com/2009/05/fractional-bands.html

Here is the Fractional Bands (in limegreen) with the Fractal Bands (in red), both share the same MA, which is the FRASMA (http://codebase.mql4.com/5551):

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

Download Fractional Bands – indicator for MetaTrader 4.mq4
Copy Fractional 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 Fractional Bands – indicator for MetaTrader 4.mq4
Attach to a chart
Modify settings or press ok
Indicator Fractional Bands – indicator for MetaTrader 4.mq4 is available on your Chart

How to remove Fractional 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: