MC Fractal Studies On Chart Indicator for MT5
MC Fractal Studies On Chart Indicator for MetaTrader 5. Innovative technical analysis. Copyright 2017 Maurizio Colarossi
Indicator MC Fractal Studies OnChart Indicator no multiple timeframe, it is not redrawn, not late, only displays the values in real-time, highly accurate.
In mathematics, self-similar object is exactly or approximately similar to a portion (ie, the whole object has the same shape, that one or more of its parts). Many objects in the real world, such as coastlines, are statistically self-similar: parts have the same statistical properties. Self-similarity is an inherent property of fractals.
Self-similarity can be seen on price charts. In fact, each wave or trend is composed of waves or other trends smaller scale.
MC Fractal Studies © splits the information in the graphs to search for all sorts of waves of different scales that make up the typical price charts, as well as the most detailed maps of these waves.
Being able to see and analyze market structure generated in different scales allows investors to take advantage, which can be used to improve the trade.
MC Fractal Studies OnChart Indicator – the fifth indicator of MC Fractal Studies.
Four other indicator “MC Fractal Studies Main Indicators for MT5” are also available on the Market.
LEDs directly on the chart indicate support and resistance levels for each current wave of fractals with different scales.
For the rising tide of the indicator shows the support line (green line), this wave will be valid until the break (until the price drops below) support line (green line).
For the incident wave display shows the resistance line (red line), this wave will be valid until the break (until the price goes above) the resistance line (red line).
The indicator only one input parameter “Num”.
For example, you run the display with “Num” parameter to 0.
Then you again run indicator on the same chart with “Num” parameter = 1.
On the chart will display trend “Num 1” and “Num 0”.
When the indicator with “num 1” indicates a growing trend within this trend indicator to “num 0” displays various trends up and down, the falling trend “num 0” rollbacks considered within the growing trend older “num 1”.
When the indicator with “num 1” shows a falling trend within this trend indicator to “num 0” displays various trends upward and downward while increasing trend “num 0” rollbacks considered within older falling trend “num 1”.
The indicator can be run multiple times (by changing the parameter num: num 0, num 1, num 2, num 3, num 4) on a single graph that allows to see the structure of multifractal waves (friction inside trend) simultaneously from all charts.
The indicator is best used in conjunction with one of the other MC Fractal Studies © indicators. MC Fractal Studies indicator is shown in a work in the attached video.
Council: For a smooth operation of MC Fractal Studies © loose on the graph maximum of 5000 bar.
To specify the maximum number of bars in the MetaTrader platform:
Service > settings > graphics > Max. bars in the window: enter 5000.
Then reopen terminal.
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