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 Overview
Download & install the MT4 Indicator on your MT4 system. Once you’re done, your trading chart will appear like the image below:
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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
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Fractals Adjustable: Sell Conditions
- A red dot appears above the price candle
- Enter short at the break of the respected candle’s low
- Set stop loss above the red dot level
- Exit short/take profit whenever a blue dot appears below the price candle