metatrader 4 fractal/price action indicator

In Progress

I have a simple idea for an indicator which I would like coded.

Using the logic of the fractal indicator that comes as standard with metatrader. (I think in the case of a fractal high, it draws a fractal symbol when 2 bars either side of a candle have lower highs? visa versa for fractal lows)

So, once a fractal high has been put in (we wont know this until a few bars later?) it waits and does nothing.

Now, what I want is, if price makes a new high within a set number of bars (which I'd be able to change in the indicator parameters), the bar that makes the new high is our 'potential trigger bar'.

If the bar following the 'potential trigger bar' makes a lower low than the 'potential trigger bar', that is when I want an audio alert (ideally with the option adding my onw mp3 file as the sound alert) and something visual (maybe an arrow?)

And the same obviously for fractal lows aswell.

The 'potential trigger bar must be the first bar since the fractal to make the new high/low.

I hope i've explained it OK. It's basically a way of spotting when the market 'fails' to have any 'follow through' after a new high/low

The pic attached should hopefully help.

So, the 'code' would basically say:

IF fractal high is made and New high is made within x(variable) amount of bars since the fractal AND the low of this newhigh bar is

taken out by the following bar, then ALERT.

and visaversa

Skills: Metatrader

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Project ID: #4373607

Awarded to:


I specialize in MT4 development and I can design the indicator as per your specifications. Please check your inbox for my bid details.

£10 GBP / hour
(51 Reviews)

8 freelancers are bidding on average £26/hour for this job


Dear Sir, Kindly check out your my private message box with details of my offer. Best Regards, Marcelo Marques Pereira

£40 GBP / hour
(75 Reviews)

HI, I am expert in making EA and CI for MT4. Check PMB for details.

£10 GBP / hour
(38 Reviews)

im best for the project.

£71 GBP / hour
(15 Reviews)

I can help, contact me.

£20 GBP / hour
(8 Reviews)

Hello Sir, I can make this indicator (but mp3 audio is unawaible, u can use only wav sounds). I need to ask something about this indicator and I will ask it if I will be awarded. Skype: belkamax05

£20 GBP / hour
(1 Review)

Hi :) I am a metatrader expert. I will make it done for you.

£15 GBP / hour
(2 Reviews)

Experienced MT4 developer. Please check PMB

£22 GBP / hour
(1 Review)