PFE MT5 Indicator

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The Polarized Fractal Efficiency (PFE) indicator is designed for identifying trends.

There are four input parameters:

  • Fast ROC period – fast ROC (Rate of Change) calculation period;
  • Slow ROC period – slow ROC (Rate of Change) calculation period;
  • MA period – MA calculation period;
  • PDS – oscillator scale factor.

Calculations:

PFE = EMA(B, MA period)

where:

  • If Close > Close[Slow ROC period]:
    B = 100.0 * Z
  • Else:
    B = -100 * Z
Z = Sqrt(LongROC * LongROC + 100) / (Sqrt(ShortROC * ShortROC+1) + PDS)
LongROC = 100.0 * (Close / Close[Slow ROC period]-1)
ShortROC = 100.0 * (Close / Close[Fast ROC period]-1)

Interpretation:

  • Oscillator value above zero – uptend;
  • Oscillator value below zero – downtend.

MT5 Indicators – Download Instructions

PFE MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.

PFE MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT5 Strategies

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How to install PFE MT5 Indicator.mq5 to your MetaTrader 5 Chart?

  • Download PFE MT5 Indicator.mq5
  • Copy PFE MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
  • Start or restart your Metatrader 5 Client
  • Select Chart and Timeframe where you want to test your mt5 indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
  • Right click on PFE MT5 Indicator.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator PFE MT5 Indicator.mq4 is available on your Chart

How to remove PFE MT5 Indicator.mq5 from your Metatrader 5 Chart?

  • Select the Chart where is the Indicator running in your Metatrader 5 Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

PFE MT5 Indicator (Free Download)

Click here below to download:



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