Indicator - Fractal price.

Trading using fractals has long been one of the most popular strategies, but not everyone can easily spot this pattern on a currency chart. Therefore, a specialized indicator can be used to solve this problem.

One such indicator is the Bill Williams Indicator, also known as the Fractals Price Indicator.

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

It is installed using a standard template and requires no additional configuration; you can only change the text colors.

Once added to the chart, it displays maximum and minimum prices. The maximum price is displayed in red, and the minimum in blue.

How can you use the fractal indicator in real trading?

There are two main uses:

Placing pending orders - the displayed price levels serve as an excellent guide for identifying possible price breakout points.

Setting stop-loss and take-profit - during an uptrend, use blue fractals for setting stop-loss, red fractals for setting take-profit, and the opposite is true during a downtrend.

Download Fractals_Price .