The original version of this indicator was posted with a detailed description here : Frama . In this version we are adding one feature that is probably needed in order to make the frama indicator easier to use : floating levels. That way we can determine the trend without an attempt to us the slope of the frama for that (which might cause a lot of false signals, especially if chosen price usage for fractal estimation method is used). Default method for color changing is the cross of outer levels which is recommended if you intend to use the indicator in “trending” mode
Usage :
You can use the color change as signals in this indicator
Frama - indicator MetaTrader 5 Theory : As described by John Ehlers : We could measure the fractal dimension of prices by covering the curve…
Fast FrAMA - indicator MetaTrader 5 Fast FrAMA, in contrast to the version from MQL5 suite, has more wide applied price constant choose and, what's the…
