Free Indicators and Videos
Fractals ST Patterns is a modification of Bill Williams' Fractals indicator. This simple indicator corresponds to the parameters specified in the ST Patterns forex trading strategy.
The fractal consists of a two sets of arrows - up (upper fractals) and down (lower fractals). Each fractal satisfies the following conditions:
Upper fractal - maximum (high) of a signal bar exceeds or is equal to maximums of all bars from the range to the left and to the right.
Lower fractal - minimum (low) of a signal bar is less or equal to minimums of all bars from the range to the left and to the right.
Bars around - number of bars before a fractal used in calculation;
Arrow offset - offset of the array from the bar's High/Low in points.
You can set the arrows' color and size separately for upper and lower fractals on Colors tab.
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ADR ST Patterns is a modification of the classical ADR indicator. The indicator calculates the average daily range of completed trading days and divides this value by a given amount. The result is displayed as a graph in a separate window. It is possible to use the indicator on various time schedules. This simple indicator corresponds to the parameters specified in the ST Patterns forex trading strategy.
ADR Period - Number of days to calculate the average.
Divider - Divisor to which the ADR is divided.
You can set the color and size of the chart on Colors tab.
The trading terminal must have a history of daily (D1) charts!
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Change the levels of the Fibonacci indicator:
Set up this way, the Take Profit will be 400% of the height of the fractal corridor. The height of the fractal corridor itself will be equal to 100%. The level of 210% is important because in this area there can be significant price reversals in the opposite direction.