MT4 iFractals replacement

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07/10/2017 at 9:10 AM #40201 quote

AVT
Participant

Senior

I try to transscript a code from MT4 which is using the iFractals indicator. It’s an MT4 inline indicator and I cannot find any information what this indicator is calculating (just the usage syntax). Any ideas how to get around this?

Thanks very much.

07/10/2017 at 9:26 AM #40203 quote

GraHal
Participant

Master

Put the code on here and some kind soul may be able to help?

Without the code it’s a guessing game?

07/10/2017 at 9:27 AM #40204 quote
Nicolas
Keymaster

Legend
This is the code you need, I made long time ago for someone in the French forum:
```
cp = 2 

if high[cp] >= highest[2*cp+1](high) then
LH = 1
else
LH=0
endif

if low[cp] <= lowest[2*cp+1](low)  then
LL= -1
else
LL=0
endif

if LH=1 then
hil = high[cp]
DRAWTEXT("▼",barindex[cp],hil,Dialog,Bold,12) coloured(100,100,100,100)
endif

if LL  = -1 then
LOL=low[cp]
DRAWTEXT("▲",barindex[cp],lol,Dialog,Bold,12) coloured(100,100,100,100)
endif

return
```
AVT thanked this post

$fractals-bill-williams-prorealtime.png$ fractals-bill-williams-prorealtime.png
07/10/2017 at 10:01 AM #40220 quote

AVT
Participant

Senior

Thanks for your replies.

@GraHal: Code is relatively simple (compare iFractals value to bars value), so I should get this going on my own. If I don’t try to do it on my own first instead of just asking “please can you code it for me”, I will never learn how to do it.

@Nicolas: going to implement it and see what happens 🙂

07/10/2017 at 1:02 PM #40239 quote

GraHal
Participant

Master

Ah sorry AVT, you said in your op … I try to transscript a code from MT4 … so I was suggesting you add the MT4 code on here.

Let us know how you get on?

07/10/2017 at 8:11 PM #40293 quote
AVT
Participant

Senior
Fractals part does now exactely what it should do, I limit the painting time. DF (words which you really should not say in public if you are civilized) – took me a whole day to understand it, but I think I got it now.

@Nicolas Just to see that I really got it:
```
cp = 2
if high[cp] >= highest[2*cp+1](high) then
//if high[cp] >= highest[cp*cp+1](high) then
```
cp=2 must be a fixed value, because a valid fractal must be less than 4 – we count integers, so we count 3 (less than 4) -> makes us calculate with 3 candles back which is high[2] .

The fractal formula which you use only works because 2*2 is the same as square of 2. If we would break the “valid” rule for a fractal and take iterations beyond 4, we must use the outcommented using the square. Correct?

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