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3. How to use the Forex Fractal Indicator

Metatrader 4 Tip 3 – How to use the Forex Fractal Indicator

 

In the last tip, we saw How to Use the Forex Indicator Stochastic-Oscillator on MT4.  Today we will focus on how to use the Forex Fractal Indicator, part of MT4 Indicators.

The Technical Analysis Forex Indicator, FRACTAL, allows us to identify changing points in the Forex market direction. 

The rules to identify Fractals are:

  • Bearish Fractal: It happens when there is a figure with a Candlestick in between that has the maximum top and two maximum lows to each side.
  • Bullish Fractal: It happens when there is a figure with a Candlestick in between that has a minimum low and two minimum tops to each side.
FRACTAL BULLISH

FRACTAL BULLISH

FRACTAL BEARISH

FRACTAL BEARISH

How to add the Fractal Indicator on MT4?

How to add the Fractal Indicator on MT4

Fractals are important to trace trend lines in the Forex market.  When we join two fractals we can identify key Supports and Resistance in the market.

RISK WARNING: Trading in Forex and Contracts for Difference (CFDs), which are leveraged products, is highly speculative and involves substantial risk of loss. It is possible to lose more than the initial capital invested. Therefore, Forex and CFDs may not be suitable for all investors. Only invest with money you can afford to lose. So please ensure that you fully understand the risks involved. Seek independent advice if necessary.