Ever wanted to get a clearer picture of market movements? The Fractal Level indicator is a powerful tool that helps us do just that by drawing horizontal lines at the levels of the most recent fractals, both upwards and downwards.
Here’s a quick rundown of the external variables you can tweak to fit your trading style:
- TimeFrame: Set to 0 for the current timeframe, or specify the timeframe in minutes to pull fractal levels from.
- Distanse: Adjust the distance between the line and the fractal in points. A negative value shifts the line inward, while a positive value shifts it outward.
- FrApNam: Name the line for the upward fractal (default is "Ap").
- FrDnNam: Name the line for the downward fractal (default is "Dn").
- ClAp: Choose the color for the upward fractal line (default is blue).
- ClDn: Choose the color for the downward fractal line (default is red).
- comment: Set to true to enable comments on the chart.
What's new in this version?
- Separate distance settings for the top and bottom lines give you more flexibility.
- Lines will automatically disappear when a market position is detected, and you can filter by magic number if needed.
By customizing these settings, you can enhance your trading strategy and make more informed decisions. Happy trading!
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