FRASMA: Fractally Modified Simple Moving Average

The SMA is accelerated during a trend and slowed down during a sideways market, so as to avoid false signals. It’s using the fractal dimension as computed by iliko [arcsin5@netscape.net] in his indicator called fractal_dimension.mq4, and makes use of it to smooth the SMA. I feel it is best used in combination with it, so I attached the file (though both indicators are independent and can be used alone).

 

MT4 Indicator Download – Instructions

[post-title] is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.

[post-title] 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 [post-title].mq4?

  • Download [post-title].mq4
  • Copy [post-title].mq4 to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
  • Right click on [post-title].mq4
  • Attach to a chart
  • Modify settings or press ok
  • Indicator [post-title].mq4 is available on your Chart

How to remove [post-title].mq4 from your Metatrader 4 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

MT4 Indicators Download below:

FRASMA Fractally Modified Simple Moving Average

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