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Fractal Weighted Oscillator Combining Four Technical Indicators

Article MQL5 code base
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Summary

The document describes a MetaTrader 5 oscillator formed from a weighted, smoothed combination of four component indicators: Fractal RSI, Fractal MFI, Fractal WPR, and Fractal DeMarker. It explains that the source indicator files are needed for compilation and that the compiled oscillator can package those indicators as resources, allowing the resulting executable to run on another terminal without the separate source indicators.

The note also identifies a smoothing library dependency and gives the required compilation sequence. It is primarily an implementation description, with no parameter values, trading rules, signal interpretation, or empirical performance evidence. The title and description establish the indicator’s ingredients and packaging behavior, but do not show how to validate or use its outputs in a strategy.

Key ideas

  • The oscillator combines smoothed, weighted readings from four component indicators.
  • The component indicator files must be compiled before the combined oscillator.
  • The compiled executable can embed its component indicators as resources for use on another terminal.
  • The implementation also depends on a smoothing library.
  • No trading rules or performance evidence are provided.

Tags

Technical indicatorsMomentumVolatility

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