How to Set Fractals Trading Indicator on MetaTrader 4 Charts - Adding MT4 Fractals Chart Indicator
Step 1: Open the Navigator Panel on Trading Platform
Open the Navigator panel as it appears below. Go to the 'View' menu (click it), then choose the 'Navigator' panel window (press it), or from the Standard Toolbar, click the 'Navigator' button, or press the keyboard shortcut keys 'Ctrl+N.'
On Navigator window, choose & select 'Technical Indicators', (Double Click)
How Do You Place Fractals Indicator in the MT4 Software - MetaTrader 4 Fractals Indicator
Step 2: Expand the Indicators Menu on the Navigator - Adding Fractals MT4 Chart Indicator
Expand this menu by pressing the magnify(+) button/tool feature + or doubleclick the 'indicators' menu, after that this specified button will appear and be shown as (-) & will now display a list just as shown - select the Fractals chart indicator from this list of indicators so that to add the Fractals indicator on the chart.
How Do I Set Fractals Indicator - From the Above window you can then place Fractals indicator that you want on the chart
How to Set Custom Fractals Indicator to MT4
If you want to add an indicator that you made yourself - for example, if the Fractals indicator you want to add is one you created - you need to first add this custom Fractals indicator to the MT4 software. Then, compile the custom Fractals indicator so that it shows up on the list of custom indicators in the MetaTrader 4 software as a new addition.
See how to install Fractals indicators on MT4, add the window, and include the custom technical tool. Guide for adding a custom Fractals on MT4.
About Fractals Technical Indicator Tutorial Explained
Chaos Fractals Analysis & Chaos Fractals Signals
Developed & Created by Bill William
A fractal is formed by 3 price bars
It's used to detect the bottom or the top.
Up Fractal- defined as a middle bar with 2 lower highs on every side (A- shaped)
Up Fractal
Down Fractal Definition - Characterized as a central bar flanked by two consistently *lower* swing points on either side (forming a 'V'-shape).
Up Fractal
Technical Analysis and How to Generate Trading Signals
Breakout Trading
The break-out method uses fractals to start trade positions. It involves trading based on price breaking above or below the latest fractal.
Buy Trade Signal
If the price breaks above the most recent Up Fractal enter long.
A stoploss should be set below the lowest point of the latest Down Fractal or the Down Fractal just before that one.
Buy Trading Signal Breakout Trading
Sell Trade Signal
If the price breaks-out below the most recent Down Fractal enter short.
Place stop loss orders above the highest peak reached by either the most recent or the second most recent Up Fractal.
Sell Signal Breakout Trading
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