How to Add MT5 Fractals Indicator on MT5 Charts
Step 1: Open MT5 Software Navigator Panel
Open MT5 Navigator panel as explained in the MetaTrader 5 example below: Go to 'View' menu (click), then choose the 'Navigator' panel (click), or From Standard Tool-Bar click 'Navigator' button or press keyboard MetaTrader 5 short-cut keys 'Ctrl+N'
On MetaTrader 5 Navigator window, choose "Indicators", by DoubleClick
How Do You Use MT5 Fractals Indicator in MetaTrader 5?
How to Add Fractals MT5 Indicator
Expand the menu by clicking the expand button (+) or double click the 'indicators' menu, after this the button will be displayed as (-) and will now display MT5 indicators list as explained on the MT5 example below - select the Fractals indicator from this list of MT5 indicators so that you can add the Fractals MT5 technical indicator in the MT5 chart.
How Do You Use MT5 Fractals Indicator in MetaTrader 5?
How to Place Custom Fractals Indicator in MetaTrader 5
If the MT5 indicator that you want to add on the MT5 charts is a custom MT5 indicator - for example if the Fractals indicator that you want to add is a custom MT5 indicator you will need to first add this custom Fractals MT5 technical indicator in the MT5 platform & then compile custom Fractals indicator so that the newly added Fractals MT5 custom indicator pops up on the list of custom indicators in the MT5 trading software.
To learn how to add Fractals indicators on MT5 software - how do you add Fractals indicator window to MT5 platform? - how do you add Fractals custom indicator on MetaTrader 5 platform? - How to add custom Fractals custom indicator on MT5.
How Do You Use Fractals MT5 Indicator?
Chaos Fractals Indicator Analysis Buy and Sell Signals
Developed by Bill William
A fractal is formed by three price bars
A fractal is used to detect the market bottom or the market top.
Up Fractal - defined as a middle bar with two lower price highs on each side (A- shaped fractal)
How to Add MT5 Fractals Indicator on MT5 Charts
Down Fractal - defined as a middle bar with two higher price lows on each side (V-shaped fractal)
How to Add MT5 Fractals Indicator in MetaTrader 5 Charts
How to Generate Buy & Sell Signals
Breakout Signals
The break out trading method of using fractals indicator is used to initiate trades and open trades based on the direction of a price breakout either above or below most recent fractal.
FX Buy Signal
If price breaks out above the most recent Forex Up Fractal - this is interpreted as a buy signal.
Stop loss orders should be placed below the lowest low of the most recent Down Fractal or second most recent Down Fractal.
Fractals Buy Signal - How Do You Use Fractals Indicator in MT5?
Forex Sell Signal
If price breaks out below the most recent Down Fractal - this is interpreted as a sell signal.
Stop loss orders should be placed above the highest high of the most recent FX Up Fractal or second most recent Up Fractal.
Fractals Sell Signal
How Do I Use MetaTrader 5 Fractals Indicator on MT5?
