Configurable-Range Fractals for Detecting Local Price Extremes
Summary
RFractals is an indicator that detects fractals using a configurable range. Its range input is expected to be an odd number of at least three; if an even value is supplied, the indicator increases it by one to make it odd. The page notes that the standard range of five is also available in MetaTrader 5.
The document describes the indicator’s range setting and gives historical context for its earlier implementation in MQL4. It does not explain the precise price-comparison rules used to confirm a fractal, discuss how many bars are needed before a signal is known, or provide trading rules, tests, or performance evidence. As a result, it introduces a configurable technical indicator but does not establish whether its signals are useful for forecasting or trade timing.
Key ideas
- RFractals detects fractals using a user-configurable range.
- The range is intended to be an odd number of at least three.
- Even input values are increased by one to reach an odd range.
- The document provides no trading rules or evidence of indicator performance.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.