Fractal Adjustable Period Price Indicator

Fractal Adjustable Period Price Indicator

The Fractal Adjustable Period Price MT4 Indicator is a fractal indicator with an adjustable period.

The Fractal Adjustable Period Price MT4 Indicator is a modified fractal indicator that allows traders to adjust the inbuilt parameters of the fractals. Fractals are formed on the chart when the price makes a “U-turn” to the upside or downside, following a repetitive pattern. Fractals are used in the financial market to identify potential turning points of the price and breakout zones.

However, the traditional fractal indicator on the MetaTrader platforms sets a limit to how traders can customize the inbuilt period settings of the fractals, making it inconvenient for some traders to use. Therefore, this version of the fractal indicator was designed to remove the limitation.

The flexible nature of this new version makes it convenient for traders to explore and harness the full potential of fractals by adjusting the indicator’s period to suit their trading styles.

How to Use the Fractal Adjustable Period Price MT4 Indicator

The above chart shows the market trend analysis by the Fractal Adjustable Period Price indicator on the EUR/USD pair in the H1 timeframe.

The indicator plots blue and red signal dots below and above the candlesticks, depicting bullish and bearish fractals, respectively. Forex traders can increase or decrease the indicator’s period based on their trading preference. Long-term traders can use bigger period, while tighter period suits short-term traders.

Therefore, you may look for a buying opportunity in the market when the indicator plots a blue fractal. Similarly, you can look for an opportunity to sell an instrument when the red fractal appears on this chart.

Conclusion
The Fractal Adjustable Period Price MT4 Indicator is a flexible fractal indicator that enables Forex traders to customize the period setting for better trading efficiency. However, relying solely on the fractal indicator may not be profitable in the long term. Therefore, traders should use the fractal indicator with price action/other indicators for better results.