F-Channel

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//+--------------------------------------------------------------------------------------+
//                                                F R A C T A L       C H A N N E L      |
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#property copyright "© RickD  BJF Trading Group 2006"                                    
#property link      "http://fxstrategy.ca/products.php"
#property  indicator_chart_window
#property  indicator_buffers 0

extern int cnt = 50;
extern color HHTL_color = DodgerBlue;
extern color LLTL_color = DeepPink;

string prefix = "xTop_";

//~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

void init() {
  clear();
  show();
}

void deinit() {
  clear();
}

void start() 
{
  show();
}

void show() {
  
  string name = "";

  double fr1, fr2;
  int bar1, bar2;

  int i = 2;
  for (int j=0; j < cnt; j++) {
  
    for (; i < Bars; i++) {
      fr1 = iFractals(NULL, 0, MODE_UPPER, i);
      if (fr1 > 0) {
        bar1 = i;
        break;
      }
    }

    for (i=i+2; i < Bars; i++) {
      fr2 = iFractals(NULL, 0, MODE_UPPER, i);
      if (fr2 > 0) {
        bar2 = i;
        break;
      }
    }
  

    name = prefix + "HHTL" + j;
    if (ObjectFind(name) == -1) {
      ObjectCreate(name, OBJ_TREND, 0, Time[bar2], fr2, Time[bar1], fr1);
      ObjectSet(name, OBJPROP_COLOR, HHTL_color);
      ObjectSet(name, OBJPROP_STYLE, STYLE_SOLID);
      ObjectSet(name, OBJPROP_WIDTH, 0);
      ObjectSet(name, OBJPROP_RAY, j==0);
    }
    else
    {
      ObjectMove(name, 0, Time[bar2], fr2);
      ObjectMove(name, 1, Time[bar1], fr1);
    }
  }

  i = 2;
  for (j=0; j < cnt; j++) {
    for (; i < Bars; i++) {
      fr1 = iFractals(NULL, 0, MODE_LOWER, i);
      if (fr1 > 0) {
        bar1 = i;
        break;
      }
    }

    for (i=i+2; i < Bars; i++) {
      fr2 = iFractals(NULL, 0, MODE_LOWER, i);
      if (fr2 > 0) {
        bar2 = i;
        break;
      }
    }

    name = prefix + "LLTL" + j;
    if (ObjectFind(name) == -1) {
      ObjectCreate(name, OBJ_TREND, 0, Time[bar2], fr2, Time[bar1], fr1);
      ObjectSet(name, OBJPROP_COLOR, LLTL_color);
      ObjectSet(name, OBJPROP_STYLE, STYLE_SOLID);
      ObjectSet(name, OBJPROP_WIDTH, 0);
      ObjectSet(name, OBJPROP_RAY, j==0);
    }
    else
    {
      ObjectMove(name, 0, Time[bar2], fr2);
      ObjectMove(name, 1, Time[bar1], fr1);
    }
  }  
}

void clear() 
{
  string name = "";
  int res = -1;

  for (int j=0; j < cnt; j++) {  
    name = prefix + "HHTL" + j;
    if (ObjectFind(name) != -1) ObjectDelete(name);

    name = prefix + "LLTL" + j;
    if (ObjectFind(name) != -1) ObjectDelete(name);
  }
}
Sample

Analysis

Market Information Used:

Series array that contains open time of each bar

Indicator Curves created:

Indicators Used:

Fractals

Custom Indicators Used:

Order Management characteristics:

Other Features: