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Re: Fibonacci, Trendlines, Support Resistance & Pivot Point Indicators MT4

mrtools, Fri Mar 26, 2021 11:56 am

@MrTools / @Mladen

I have a request here. I am currently using the indicator attached below. It's a Fractal Support & Resistance and I'd like a couple additions to it.

1. Have an input option to change the period from the built in 5 to whatever I wish. Sometimes people like to have a period of 9 just to have less fractals and false entries.

2. I would like the indicator to also have a EMA option to show the overall trend where you can change the period as well.

3. Finally and most importantly, I need the indicator to give an alert when a fractal level is broken, as in price crosses and closes, confirming the break and must be in line with the trend. For example, if we are going short, price must be below the 200 EMA and price must break through and close under a resistance fractal. Only then will an alert be given. Reverse for long situations. Price must be above the 200 EMA (or whatever EMA period you input) and the resistance fractal must be broken and price close above.

I've linked a quick video here of me explaining it and showing it if its helpful!
Please test this one, not able to verify it works now, and will do the rest as time permits.
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