Skip to content
All library documents

Since Last Fractal: Counting Bars After High and Low Fractals

Article MQL5 code base
Read the original

Summary

This technical indicator displays how many bars have elapsed since the most recent upper and lower fractal formations. It uses two separate lines in a chart window, with one tracking the upper fractal and the other tracking the lower fractal. The description positions it as a companion visualization for observing the age of each type of fractal signal.

The indicator has no adjustable parameters. The document refers to illustrations showing it alone and alongside a fractal indicator, but provides no trading rules, market examples, or performance tests. It therefore explains a simple timing display rather than a complete strategy: traders would need to decide how, if at all, the elapsed-bar counts should inform entries, exits, or other analysis.

Key ideas

  • The indicator counts bars since the latest upper fractal and lower fractal.
  • It displays the two counts as separate lines in a chart window.
  • The indicator has no user-adjustable parameters.
  • The description gives no entry or exit rules and no evidence of trading performance.

Tags

Technical indicatorsStatistics

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