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REGISTER PARTICIPANTS Fractal Channel 3.0

Discussion in 'Forex indicators MT4' started by Emma McNeill, Sep 10, 2020.

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  1. Emma McNeill

    Emma McNeill Moderator
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    This is a very simple yet effective indicator to trade breakouts of variable fractal periods. A fractal is a price formation of an odd number of bars, being the middle bar the highest or lowest price point of the formation. These prices act as short-term support and resistance levels, which this indicator uses to draw a price channel and display breakouts.

    • Easy to trade
    • Fractal breakouts can start long trends
    • The fractal channel is a great trailing stop method
    • It is non-repainting and non-backpainting
    • Customizable colors and sizes
    • It implements alerts of all kinds
    A higher period leads to more reliable breakouts, yet they appear less often. This indicator should be confirmed with higher-timeframe analysis. In general, you'll want to increase the fractal period for lower timeframes and decrease it for higher timeframes.

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    #1 Emma McNeill, Sep 10, 2020
    Last edited: Sep 10, 2020

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