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_iGDR_FL - Indicator for MetaTrader 4

_iGDR_FL
TypeIndicators PlatformMT4 Version10 Date created 8 January 2016 Date updated21 March 2018
Formatmq4 Size6.4Kb Downloads111 Rating
4.6 of 5
based on 47 rates

This indicator is compatible with the MetaTrader 4 platform. The robot determines the fractal levels and does it in the following way.

On the selected interval, there is a search for fractal extreme and areas of their maximum concentrations. In the settings, you can set the parameters, so the robot could search only troughs or tops. The troughs correspond to the levels of support, while the tops are resistance levels.

The configuration of the indicator:

  • frType - type of the fractal formation;
  • frNum - determines the level of the fractal, which looks for the indicator. The higher the number is, the weaker levels are appropriate for the robot;
  • frMode - mode for a fractal («1» identifies only troughs);
  • dlt - degree of diversification for the fractal’s price levels;
  • sBars - the number of bars considered while searching for fractals.

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