Fractal Adjustable Indicator

Fractal Adjustable Indicator

The Fractal Adjustable MT5 Indicator is a fractal indicator with an adjustable period.

The Fractal Adjustable MT5 indicator is a modified fractal indicator that allows traders to adjust the built-in fractal parameters. Fractals form on a chart when price makes a “reversal” up or down following a repeating pattern. Fractals are used in the financial market to identify potential price turning points and breakout zones.

However, the traditional fractal indicator on MetaTrader platforms limits traders’ ability to customize the built-in fractal period settings, making it inconvenient for some traders to use. Therefore, this version of the fractal indicator was developed to overcome this limitation.

The flexible nature of this new version allows traders to explore and harness the full potential of fractals by adjusting the indicator period to suit their trading style.

How to Use the Fractal Adjustable MT5 Indicator

The chart above shows the analysis of market trends using the Fractal Adjustable indicator for the EUR/USD pair on the H1 timeframe.

The indicator displays blue and red signal dots below and above the candles, depicting bullish and bearish fractals, respectively. Forex traders can increase or decrease the indicator period depending on their trading preferences. Long-term traders can use a longer period, while a narrower period is suitable for short-term traders.

Therefore, you can look for buying opportunities in the market when the indicator displays a blue fractal. In the same way, you can look for an opportunity to sell an instrument when a red fractal appears on this chart.

Conclusion
The Fractal Adjustable MT5 Indicator is a flexible fractal indicator that allows Forex traders to adjust the period setting for improved trading performance. However, relying solely on a fractal indicator may not be beneficial in the long term. Therefore, traders should use the fractal indicator with price action/other indicators for better results.