S/R Barry

U.S. Dollar/Japanese YenFXCM

Description

⋅ Jul 5, 2017 5:22 PM

This is the "S/R Barry" MetaTrader indicator, shown here: forexfactory.com/showthread.php?t=49484

You can increase the FractalLen input value to show more-significant structures.

Here's and example with the default FractalLen value (3):

Here's an example with a higher FractalLen value (10):

Written by Christopher Sebastian. Send questions to csebastian3@gmail.com

Comments

UnknownUnicorn40403838

⋅ Apr 21, 2023 3:48 PM

this is great thank you i noticed if you tweak the settings to 10 you will get better results thank you very much

Candle-stick

⋅ Jul 5, 2017 11:37 PM

i have tested this,unfortunately this is lagging indicator,it shows the SNR lines after the price is done.

trader859235

⋅ Jul 6, 2017 3:50 PM

@Candle-stick

Good, then it works.

likebike

⋅ Jul 6, 2017 4:02 PM

@Candle-stick, Yes, you are correct. This indicator *must* be a lagging indicator because it is impossible to know where the turning points are until after you pass them. I should have mentioned this in the indicator description.