Valid_Swing_HighLow - indicator for MetaTrader 5

Valid_Swing_HighLow – indicator MetaTrader 5

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Valid Swing HighLow is an advanced indicator of 2Ñ…2 fractals. It differs from the standard one in that each new bar of the fractal is always higher/lower than the previous one.

  • For the upper fractal: LeftHigh2<LeftHigh1<CenterHigh>RightHigh1>RightHigh2
  • For the lower fractal:  LeftLow2>LeftLow1>CenterLow<RightLow1<RightLow2

It has one configurable parameter:

  • Bar of drawing – the bar for drawing labels
    • Signal bar – draws labels based on the Open price of the signal bar
    • Fractal bar – draws labels on the bar and using fractal prices (High/Low)

Fig. 1. Bar of drawing = Fractal bar


Fig. 2. Bar of drawing = Signal bar



Valid_Swing_HighLow – indicator MetaTrader 5
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Alternative:  NRTR_Gator_HTF - indicator MetaTrader 5

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