Indicator - Fractal price.

Trading using fractals has long become one of the most popular strategies, but not everyone can easily detect this pattern on a currency chart, so you can use a special indicator to solve this problem.

One such script is the Bill Williams Indicator or Fractal Price Indicator.

As the name suggests, Fractals_Price displays the most important price levels of fractals on the chart of the selected currency pair.

Installed according to the standard scheme, does not require additional configuration, you can only change the colors of the inscriptions.

After adding to the chart, it displays the maximum and minimum prices, the maximum price is displayed in red, the minimum in blue.

How can you use the fractal indicator in real trading?

There are basically two areas:

Placing pending orders - the displayed price levels serve as an excellent guide in determining possible places for price breakouts.

Setting stop loss and take profit - in an uptrend, to set a stop loss, we focus on blue fractals, when setting take profit on red ones, in a downtrend, everything happens the other way around.

Download Fractals_Price .