If you're diving into the world of trading with MetaTrader 5, you'll definitely want to get familiar with the FractalsPeriod indicator. This handy tool allows you to specify the number of bars before and after the current High or Low (fractal) to give you a clearer picture of market movements.
It utilizes the CalcFrac.mqh library, making it a robust addition to your trading arsenal.
Input Parameters Explained
Here’s a breakdown of the input parameters you can tweak:
| Input Parameter | Value | Description |
|---|---|---|
| CompleteBarsOnly | true | Only considers completed bars for calculations. |
| FractalsPeriodBefore | 2 | Defines how many bars to look back before the current High/Low. |
| FractalsPeriodAfter | 5 | Sets the number of bars to look ahead after the current High/Low. |
| Maxbar | 100 | Limits the number of bars to include in the calculations. |
Understanding how to configure these parameters can significantly enhance your trading strategy. Whether you're looking to refine your entry points or identify potential reversals, getting a handle on the FractalsPeriod indicator is a smart move for any trader.
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