Two envelopes are built by Indicator Advanced Fractal Envelopes based on the mean prices for the predefined number of upper and low fractals, and the central line.
It can be adjusted to three parameters:
Top = AvgFractUp. Bottom = AvgFractDn
Central = (AvgFractUp + AVgFractDn). / 2.0
AvgFractUp = SumAvgUp, Average
AvgFractDn = SumAvgDn, Average
SumAvgUp is the sum of the upper fractals prices within the Average number
SumAvgDn is the sum of the lower fractal prices within the Average number
Advanced Fractal Envelopes (MT5 Indicator) is a Metatrader 5 indicator. Its purpose is to transform the accumulated historical data.
Advanced Fractal Envelopes (MT5 Indicator) allows you to see patterns and peculiarities in price dynamics that are not visible to the naked eye.
This information allows traders to assume additional price movements and adjust their strategies accordingly. Click Here for MT5 Strategies
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