Advanced Fractal Envelopes

Indicator Advanced Fractal Envelopes builds two envelopes on the mean prices of the pre-defined number of upper and lower fractals and the central line.

It has three adjustable parameters:

  • Average – number of fractals to build a moving average on their prices
  • Show central line – show the central line
  • Show fractals – show the fractals
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Know about this indicator

Advanced fractal envelopes (AFEs) are a type of technical Buy Sell indicator mt5 that can help traders judge the strength and direction of trends. AFEs are designed to reflect the behavior of complex systems, such as stock markets, financial indices, or asset prices. They work by displaying patterns that repeat themselves over time in order to provide analysis for signals and trend continuation.

How do I use an AFE in the MT5 chart?
To use an AFE in MT5 India, open the indicators console and click on the Fractals category. From there, you will be able to select one or more AFs and configure their settings. You can also add a support line (if desired) and study its properties to better understand how it works.

It has three adjustable parameters:

  • Average indicates the number of fractals to build a moving average on their prices.
  • Show central line.
  • Show fractals.