One of the “classics” but with a twist – unlike the built in fractals indicator, this one allows you to :
adjust the fractals period (the built in fractal indicator is using period 5)
chose prices for high and low (might be useful in some cases – in extreme whipsaw market conditions, for example)
PS: also, the way how fractals are calculated does not prevent having fractal up and fractal down at the same bar and that is a correct way how it should be calculated. Limiting it to just one fractal per bar is introducing a bias that has no mathematical cause
