Fractals Trend Indicator

Fractals Trend Indicator

Fractals Trend Indicator For MT4 automatically plots support and resistance trend lines based on fractals and provides buy and sell forex trading signals.

The Fractal trend indicator for MT4 automatically plots the trend line based on the fractals. These fractal trend lines act as support and resistance and provide excellent buy and sell entry points. As a result, this indicator automatically plots support and resistance trend lines.

The indicator is pretty simple to use, as the trading strategy is based on support and resistance and trend lines. So, new and advanced forex traders can use the indicator with ease.

Fractals Trend Indicator For MT4 Trading Signals

The above EURUSD H1 candlestick price chart shows the fractals trend indicator for MT4 in action. The indicator plots a green upper trend line that acts as a resistance. Additionally, a red lower trend line acts as a support line. However, traders can change the color and features of the upper and lower trend line in the indicator settings.

Traders can use a trading strategy of their preference, namely support and resistance range trading or breakout trading. Breakout of a resistance trend line indicates an uptrend continuation, so traders should enter the market with a buy trade as it indicates a bullish market condition.

On the other hand, if the price breaches the support line it indicates a bearish signal and an opportunity to place a sell trade. However, this indicator can plot the trend lines based on fractals of a higher time frame. So, forex traders can use this indicator to trade multi time frame strategies ( mtf ).

Conclusion
The fractals trend line indicator for MT4 is very useful to forex traders using range trading or breakout trading using support and resistance. Additionally, traders can use the fractals of higher time frames to identify the best entry points at lower time frames.