Discuss Fractals with Alert indicator (Bill William's classic but customizable Fractals with three types of alerts) in this thread. You can ask any questions about this free MetaTrader indicator here.
Fractals with Alert
- Thread starter Enivid
- Start date
- Watchers 2
hello, i downloaded fractal with alert ...why is different then bill williams fractal? on Bill's indicator just add alerts, change colors', turn-on or turn-off in pop up window for messages...pop-up alert messages are missing. instead there is for mobile and email to send notification...
please correct you indicator or create new one
mt4 and mt5 attached
please correct you indicator or create new one
mt4 and mt5 attached
Attachments
It doesn't seem wrong to me. The arrows are drawn with a shift of +2 bars, because one has to wait 2 bars after a BW fractal appears to make sure it doesn't repaint.
you are using as reference Bill Williams indicator which repaint ( signal sometimes disappear and is recreated again) That means that your indicator repaint as well, see attached. I took time to show you that.
on pictures there are 3 fractal indicators: yours, Bill Williams and another one I have....all 3 repaint. why ? fractal has strict rules and price bar is variable: change close High and low within time interval. so that is OK
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Please just add alerts to BW fractals...
on pictures there are 3 fractal indicators: yours, Bill Williams and another one I have....all 3 repaint. why ? fractal has strict rules and price bar is variable: change close High and low within time interval. so that is OK
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Please just add alerts to BW fractals...
Attachments
There is a setting called "Candle To Use For Analysis". If you set it to CURRENT CANDLE, the indicator will use the last candle of the fractal's pattern for drawing the arrow, and it will get re-painted if that last candle invalidates the pattern. If you set the parameter to PREVIOUS CANDLE, it will wait for the final candle of the pattern to fully finish before putting the arrow. There is a bug currently that will cause the arrow to disappear on the next candle and then re-appear again, but this has nothing to do with repainting as the pattern always remains there and the arrow disappears for the duration of one candle only.
