Fractal Support and Resistance Indicator
0,00 €
Fractal Support and Resistance Indicator – is a premier MT5 indicator to find support and resistance levels using fractals. It spots strong breakouts, making it great for Forex day traders.
Our media resources:
The Fractal Support and Resistance indicator for MetaTrader 5 automatically plots horizontal support and resistance levels. It utilizes fractal patterns to find significant price areas, assisting day traders in spotting swing and breakout chances.
Different from regular pivot indicators, this tool creates reversal lines using the day's high, low, and closing prices. Fractal points are determined by higher highs and lower lows in price action.
Super cool Forex indicator is here!!
Key Features:
- Profitability up to 500% per year
- Minimum deposit to start: $100 or more
- Timeframe for trading: M15
- Trading time: 24 hours a day
- Assets for trading: Any
A fractal indicator often gives many signals that suggest potential trend changes. When manually linking these signals with straight lines, you can see both horizontal and dynamic price channels. The unique feature of this tool is that it automatically connects fractal points to build horizontal price channels.
Using the Fractal Support and Resistance Indicator in MetaTrader:
The H1 EURUSD chart example illustrates how the automated fractal channels effectively highlight strong support and resistance zones. Dotted fractal lines show weekly levels, whereas the thicker colored lines represent important intraday price zones. Typically, the price action stays within these channels. Since these levels reflect previous market reactions, price frequently rebounds when reaching them.
When analyzing an intraday chart, start by examining the location of the fractal lines. Then, observe the price concerning these levels. For example, if the price is just under a resistance line, it could present a possible selling opportunity.
As shown in the example, each time the price forms a pin bar at a fractal level, it usually reverses direction. A bullish pin bar near a support level can signal a buying opportunity, while a bearish pin bar near resistance may indicate a chance to sell short.
When the price moves through a fractal level, it often indicates a potential breakout. A move above resistance implies a bullish breakout, while a move below support suggests a bearish one. Setting alerts in MetaTrader 5 near these levels is helpful to be notified when the price touches an important support or resistance area.
The Fractal Support and Resistance indicator supports several timeframes and doesn't repaint, meaning the levels remain fixed once they are plotted. This consistency is especially valuable for traders looking at charts across various timeframes.
Conclusion:
Swing traders already widely use fractal-based signals. This specific indicator adds value for day traders by offering stable support and resistance levels. Its non-repainting nature and multi-timeframe compatibility make it a reliable tool for both new and experienced traders.
The best trading robots are collected here!
You must be logged in to post a review.
Instant delivery after purchase
This digital product is delivered to the user's email instantly. You will receive an email with a download link immediately after your payment is confirmed.
Reviews
Clear filtersThere are no reviews yet.