The indicator searches for 4 fractals located on one of the horizontal lines. Four most closely (horizontally) located fractals output as levels. The window of Nbars bars is used for calculation. The initial shift of the window is set by the input parameter of the Nfirst indicator. The minimum distance between the levels or fractals can be set.

Input parameters:

//| Input parameters of the indicator            |
input int Nbars_=150; //The width of the window on which the levels are searched
input int Nfirst=0; //Shift of the right bar for the window
input double minDiff=300.0; //The minimum distance between levels in points 
input int minBars=5; //The minimum distance between fractals in bars

Calculation of the indicator can take up to half a minute with a number of bars more than 200 in the calculation window! But despite the slowness of the indicator, it is quite promising and successful at work.

This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 23.02.2010.

Links to the similar subjects http://forum.mql4.com/ru/29968


MT5 Indicator – Download Instructions

Dserg-PPZ is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.

Dserg-PPZ provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

How to install Dserg-PPZ.mq5?

  • Download Dserg-PPZ.mq5
  • Copy Dserg-PPZ.mq5 to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader 5 Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
  • Right click on Dserg-PPZ.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator Dserg-PPZ.mq5 is available on your Chart

How to remove Dserg-PPZ.mq5 from your Metatrader 5 Chart?

  • Select the Chart where is the Indicator running in your Metatrader Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

Click here below to download MT5 Indicator:


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