The Fractals Direction ST Patterns MT5 indicator is a modification of the Bill Williams Fractals indicator and allows you to set any number of bars to find the fractal. Also in the settings, you can set the number of points to determine the direction of the trend. The upward direction is determined if the last upper fractal is higher than the penultimate upper fractal. The downward direction is determined if the last lower fractal is lower than the penultimate lower fractal.

This simple indicator corresponds to the parameters of the ST Patterns Strategy (). ST Patterns are recognized and constructed based on the fact of breaking through the fractal levels and the distance to the Target. ST Patterns remove uncertainty from the market and simplify the trader’s work.

A fractal consists of two sets of arrows – up (upper fractals) and down (lower fractals). Each fractal satisfies the following conditions:

• Upper fractal-the maximum (high) of the signal bar is greater than or equal to the maxima of all bars in the range on the left and right;
• The lower fractal-the minimum (low) of the signal bar is less than or equal to the minima of all bars from the range on the left and right.

To indicate the direction of the trend, use arrows with a slope.

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• Bars around – the number of bars before and after the central bar.
• Arrow offset-the arrow offset from the high / low of the bar in price points.
• Trend detect offset – the number of points to determine the direction of the trend.

On the Colors tab, you can set the arrow colors and size separately for the upper and lower fractals.

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