Fractals 5 Diapazon Indicator

Fractals 5 Diapazon Indicator

Fractals 5 Diapazon Indicator For MT4 plots different types of fractals based on bullish or bearish trends, best entry points during corrective pullbacks

The Fractals 5 Diapazon indicator for MT4 calculates the fractals differently based upon the bullish or bearish market trend. As a result, traders are able to identify reversal points and enter and exit the markets accordingly.

The indicator is easy to use and works well for new and advanced forex traders. However, new traders should understand price action to confirm the fractal reversals. Moreover, it works well in all intraday chart frames as well as daily, weekly and monthly charts.

Fractals 5 Diapazon Indicator For MT4 Trading Signals

The indicator plots three different lines majenta, teal and green yellow. During an uptrend, traders should focus on the fractals of Majenta line. Conversely, green yellow line fractals works best in a downtrend. The trading strategy is based on the identification of a trend and entering the markets once a fractal is identified.

First, traders should look for an uptrend. Secondly, traders should wait for the majenta line to form a corrective pullback and enter the market with a buy trade. It is important to note that entering the markets at this level provides the best entry price.

Similarly, once a downtrend is identified traders should look for a corrective pullback of the green yellow line. This enables the traders to get the best selling price. The indicator does not provide a stop loss or profit target. However, traders should place a stop loss at previous swing points and book profits with a good risk reward ratio.

Conclusion
In summary, the Fractals 5 diapazon indicator for MT4 is an essential tool for forex traders using fractals to identify market reversals. It is important to note that there is a considerable risk in trading reversal signal.