Forex Fractal Self Similarity Indicator
Forex Fractal Self Similarity Indicator is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to Bill Williams fractals (swing highs / lows). It can send alerts. It has 9 settings, for example e period (default 30), e type data (default PRICE_CLOSE) and e random line (default 1.5). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 2 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Fractal Self Similarity Indicator
Forex Fractal Self Similarity Indicator is an indicator for MetaTrader 4. It can alert you with a pop-up, sound, email or push message. It has 9 settings, such as E period, E type data and E random line. MQL source code included.
Files in the download: FGDI.mq4, installation manual.txt, MTF_FractalDispersion11.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| E period | 30 | Period or timeframe used by the calculation |
| E type data | PRICE_CLOSE | |
| E random line | 1.5 | |
| M5w | 1 | |
| M15w | 1 | |
| M30w | 1 | |
| M60w | 1 | |
| M240w | 0 | |
| M1440w | 0 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Fractals · Alerts · MT4 Indicator · MQL4 Source Code