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Reversal Fractal Indicator

Reversal Fractal indicator RFI

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#1 Chris

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Posted 03 October 2013 - 03:24 PM

While doing some reading recently, I discovered an intriguing and possible useful binary options/forex indicator for Meta Trader 4. The indicator “examines 5bar and 7bar fractals and highlights those which seem to be price reversals”. By utilizing arrows to point out possible reversals, the indicator attempts to indicate price reversals. The indicator is called a “Reversal Fractal” indicator and as most are, it is a lagging indicator. What was most interesting to me about this particular one is how simple and clean it is, yet quite accurate on time frames as low as five minutes. With a little bit of code/rule modification (perhaps from our own community) I think this could prove to be a pretty solid gem.

 

As you can see it is extremely simple, and can be run on a multitude of different charts simultaneously in order to keep the signals more frequent. Using it is as easy as placing ones trade in the direction of the arrow at the time the signal is given, meaning quite simply: Up arrow signifies a call, while a down arrow signifies a put. I am eager to see what comes of this and have posted it on the Binary Options Edge forums with a download link to the indicator. I look forward to hearing some discussion about this.

 

I have attached the indicator as a file.

 

 

Attached Files



#2 donchard

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Posted 11 October 2013 - 12:42 AM

It looks very good thanks



#3 Chris

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Posted 11 October 2013 - 02:25 AM

It looks very good thanks

 

You're quite welcome :)



#4 maui4xman

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Posted 15 October 2013 - 03:03 AM

Does this fractal indicator repaint?



#5 Chris

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Posted 15 October 2013 - 11:57 AM

It does NOT repaint. However there are similar indicators that do.



#6 albusaidy99

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Posted 17 October 2013 - 07:19 AM

can we use it in one hour candle frame



#7 Chris

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Posted 17 October 2013 - 12:01 PM

can we use it in one hour candle frame

It is actually easier to use in my opinion on larger time frames. I used it on 30 minute bars but I don't see why 1 hour would be any less successful. Give it a go!



#8 albusaidy99

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Posted 17 October 2013 - 06:17 PM

It is actually easier to use in my opinion on larger time frames. I used it on 30 minute bars but I don't see why 1 hour would be any less successful. Give it a go!

thanks for reply but the signal is coming late 3 candles before not the close of current candle



#9 Chris

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Posted 17 October 2013 - 08:18 PM

thanks for reply but the signal is coming late 3 candles before not the close of current candle

You can change the settings to when the signal comes. I explained this in my original post which was on the front page.



#10 GhostNL

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Posted 18 October 2013 - 07:37 AM

I downloaded the file but can't seem to apply it to MT4. Never done this before anyone can help me out here?



#11 Dennis189

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Posted 18 October 2013 - 08:31 AM

Hi,

 

This indicator is only usefull to see a possible change of trend. 

Do not use these signals to enter a trade.

 

Run strategy tester to see how it really works.

 

Kind regards,
Dennis



#12 Dennis189

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Posted 18 October 2013 - 08:32 AM

@ GhostNL,

 

Another Dutchman?

 

Anyway, to add a indicator in mt4 : http://forums.babypi...icator-mt4.html

 

Kind regards,
Dennis


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#13 boatran8

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Posted 18 October 2013 - 09:41 AM

Hello,

 

Please someone add an email alert to this indicator.

 

Thanks



#14 albusaidy99

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Posted 18 October 2013 - 10:29 AM

i still couldnt change the signal to appear in the last candle. its coming late 3 candles



#15 Dennis189

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Posted 18 October 2013 - 10:58 AM

@ albusaidy99

 

That is why I said that this indicator is only usefull to look for possible change of trend.

 

It's just a zigzag that plots arrows when top/bottom allready formed, which I think is useless.

 

Kind regards,

Dennis



#16 Chris

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Posted 18 October 2013 - 03:01 PM

@ albusaidy99

 

That is why I said that this indicator is only usefull to look for possible change of trend.

 

It's just a zigzag that plots arrows when top/bottom allready formed, which I think is useless.

 

Kind regards,

Dennis

I supply strategies for people to have something to build off of. I understand you may not find this useful but if someone somehow is able to take the coding or utilize the indicator in a personalized strategy then good for them. I only wish to give people the possibility of success, not give them an easy out.


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#17 tommbstone

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Posted 27 December 2013 - 07:16 AM

A normal fractal (the one that comes with mt4) will not paint until a 3 bar reversal.  I can only assume this one is the same.  that is why you don't get the fractal arrow for 3 finished candles. 



#18 christmeal

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Posted 18 August 2014 - 11:41 AM

Would it be possible to combine this indicator with some kind of neural network predictor, to make it slightly more useful? How would we do that? 



#19 Tripack

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Posted 18 August 2014 - 11:51 AM

my sole opinion but forget about the NN thing.



#20 bargain8223

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Posted 04 September 2014 - 05:16 PM

CAN ANYBODY MODIFY IT SO SIGNAL NEVER COME LATE 3 CANDLE







Also tagged with one or more of these keywords: Reversal, Fractal, indicator, RFI

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