The SMA is accelerated during a trend and slowed down during a sideways market, so as to avoid false signals. It’s using the fractal dimension as computed by iliko [email@example.com] in his indicator called fractal_dimension.mq4, and makes use of it to smooth the SMA. I feel it is best used in combination with it, so I attached the file (though both indicators are independent and can be used alone).
This indicator can then be used for bands trading, and I intend to develop a fractalised bollinger bands based on it in the next few weeks.
1. Copy “FRASMA: Fractally Modified Simple Moving Average.mq4” file to C:/Program Files/MetaTrader4/experts/indicators folder
and restart your MetaTrader.
2. Open Navigator/Custom Indicators panel and drag the indicator named “FRASMA: Fractally Modified Simple Moving Average.mq4” to the
chart of any currency pair.
Click to Download: FRASMA
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