A Non-Repainting Version of Bill Williams’ Fractals Indicator

Summary

This document describes a version of Bill Williams’ fractals indicator built from MetaTrader 5’s standard fractals indicator. Its stated distinguishing property is that it does not repaint, meaning previously displayed fractal signals are intended to remain fixed rather than shift as later price data arrives.

The document offers a practical comparison tip: load the standard fractals indicator on a chart and save a tester template to compare behavior in Strategy Tester. It gives no implementation details, definition of how the non-repainting behavior is achieved, or empirical results. The claim should therefore be checked against the indicator and tested in the trader’s own setup; no entry, exit, or risk-management strategy is provided.

Key ideas

• The indicator is based on the standard MetaTrader fractals concept.
• Its defining claim is that marked fractals do not repaint.
• A tester template can be used to compare its display with the built-in indicator.
• The document gives no performance evidence or trading rules.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.