Best MT5 Indicators and Templates with Source Codes

Fine Fractals with Alerts Indicator

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I-Free Num Fractals Indicator

The I-Free Num Fractals Indicator identifies fractals of varying dimensions by analyzing price action within a defined range. Users can customize the sensitivity of the indicator by adjusting the "Number of bars on the left" and "Number of bars on the right" parameters, which dictate how many bars are considered on either side of a potential fractal point. This allows traders to fine-tune the indicator to detect fractals relevant to their specific trading style and market conditions.

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Fractal Channel Indicator

The Fractal Channel indicator plots a channel on a chart by identifying fractals within a specified frame size. The "Frame" parameter determines how many bars are considered when searching for fractals; a larger frame size like 5 (for a 2x2 fractal) means the indicator looks at two bars to the left and two bars to the right of a central bar to identify a potential fractal. Essentially, it uses the high and low points of identified fractals to create upper and lower channel boundaries, giving a visual representation of potential support and resistance levels based on fractal patterns.

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Advanced Fractals Indicator

The Advanced Fractals Indicator enhances the functionality of traditional fractals by enabling users to define custom dimensions for identifying fractals on a chart. With a single input parameter, "Frames," users can specify the number of bars to the left and right of the central candlestick, allowing for the detection of fractals in various sizes such as 1x1, 2x2, and beyond. This provides greater flexibility and precision for traders looking to analyze market patterns more effectively.

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Fractal Bar Indicator

This Fractal Bar Indicator identifies potential price breakouts based on fractal patterns. It plots colored labels (green, red, or gray) depending on whether the current closing price breaks above the last identified upper fractal (green), breaks below the last lower fractal (red), or neither (gray). Upper fractals are peaks where a bar's high is higher than the high of the two preceding and two following bars, while lower fractals are troughs defined similarly using low prices. It uses the most recently detected upper and lower fractals for comparison.

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I-MTF Fractal Indicator

The I-MTF Fractal Indicator is a technical analysis tool designed to display fractal patterns from higher timeframes on a lower timeframe chart. It uses diamonds to represent standard fractals, and highlights fractals that lead to breakouts with larger, colored dots. This allows traders to visualize potential support and resistance levels across different timeframes and identify potential breakout opportunities.

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Fractal Levels Indicator

The Fractal Levels Indicator enhances standard Bill Williams fractals by allowing users to customize the "shoulder" size of fractals, independently setting the number of bars to the left and right needed for fractal formation. It generates horizontal support/resistance lines from each fractal and visually distinguishes breakout fractals with large colored dots, while regular fractals appear as diamonds. This customization provides more control over fractal identification and emphasizes key breakout levels.

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X-Bars Fractals Indicator

The X-Bars Fractals Indicator is a trading tool designed for use on the MetaTrader platform, particularly MT5. It identifies fractal patterns in market price movements, which can indicate potential reversal points or continuation trends. By analyzing the high and low points of price action over a specified number of bars, the indicator helps traders visualize significant highs and lows, enhancing decision-making processes for entry and exit points. Traders often combine this indicator with other technical analysis tools to increase the accuracy of their trading strategies.

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