Free Forex Indicators (MT4), Trend Following Indicators
Fractals Adjustable Period MT4 Indicator
By Arun Lama
Published On
Fractals Adjustable Period MT4 Indicator is a swing trading indicator, mostly works on all the major forex currency pairs in the market. It applies its fractal method over the selected period of time in order to determine the possible swing high low of the market.
Trading using this indicator doesn’t require any previous market experience, just follow the signals and trade accordingly.
Fractals Adjustable Indicator can be applied on all sorts of timeframe charts and offers better flexibility for the traders. Besides, it also works as a supportive tool if added with other trading systems or strategies.
Fractals Adjustable Period MT4 Indicator Explanation
Fractals Adjustable Period MT4 Indicator by default uses a 5-day period of H-L average fractals for identifying the swing levels of the market.
You’ll see blue and red dots around the price candles which signals for possible market entries based on current market momentums.
For better performance, we recommend you to modify the indicator setup by changing the fractal period from 5 to 21. It’ll generate fewer signals but with better accuracy.
Since it suits all sorts of timeframe charts, you can apply it for both scalping and day trading purposes. All in all, its simplicity of use offers great advantages for newbie traders.
Fractals Adjustable: Buy Conditions
A blue dot appears below the price candle
Enter long at the break of the respected candle’s high
Set stop loss below the blue dot level
Exit long/take profit whenever a red dot appears above the price candle
I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.
3 thoughts on “Fractals Adjustable Period MT4 Indicator”
I’m noticing the dots show up really late. Testing on the 1 minute candle. 15 minutes will pass, then the dots shows up, 15 candles back. ?????? Any reply would help.
its based on a period you put , for example 5 period is basic period for normal fractal , so work to 10 max thats my advice everything above 10 period is useless hit comes late alllllot so 7 or 8 maybe 6 period is good, nothing above 10 is good
Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
I’m noticing the dots show up really late. Testing on the 1 minute candle. 15 minutes will pass, then the dots shows up, 15 candles back. ?????? Any reply would help.
its based on a period you put , for example 5 period is basic period for normal fractal , so work to 10 max thats my advice everything above 10 period is useless hit comes late alllllot so 7 or 8 maybe 6 period is good, nothing above 10 is good
Does it repaint ?