Fractals Adjustable Indicator

Fractals Adjustable Period Trend Lines Indicator
Fractals Adjustable Period Trend Lines indicator for MT4 shows BULLISH, BEARISH trends SUPPORT, RESISTANCE and forex SELL and BUY signals.

CATEGORIES: MT4, SIGNAL, LEVELS, PATTERNS
Updated on: 13.12.2023

The Fractals Adjustable Period Trend Lines indicator for MT4 displays trend lines based on fractals. Moreover, the indicator can display the trendlines from other timeframes in the current chart. So forex traders can use support, resistance based on trendlines from other timeframes to find the best entry point. Furthermore, these trendlines display the BULLISH and BEARISH market conditions on the chart and act as the best BUY and SELL entry points.

The indicator is suitable for new and advanced forex traders and works on all intraday timeframes and daily, weekly and monthly charts. Additionally, the indicator is free to download and easy to install.

Fractals Adjustable Period Trend Lines Indicator For MT4 Trading Signals

The above GBPJPY H4 chart shows the Fractals Adjustable Period Trend Lines indicator for MT4 in action. The indicator displays the completed uptrend lines in DEEP SKY BLUE and uncompleted uptrend lines in AQUA. Similarly, it shows the completed downtrend lines in PALE VIOLET RED and uncompleted downtrend lines in HOT PINK. The indicator can display the trend lines of other timeframes in the current chart, according to the input in the indicator settings.

Once the indicator shows a completed downtrend line indicating a BEARISH market, traders can place a SELL trade. The SELL position is secured by the trader with a stop loss below the previous low and a target on the opposite fractal. Oppositely, if an uptrend line is complete it denotes a BULLISH market and warrants a BUY position. A stop loss below the previous low and a target toward the opposite fractal or trend line produces the best results.

The indicator produces the best results by using the multi-timeframe ( mtf ) forex trading strategy. As the indicator is capable of displaying the trend lines of other time frames in the current chart, it assists the multi-timeframe trader. So forex traders can identify the trend lines which act as the support and resistance lines on a higher time frame chart on the current chart. Furthermore, the ability to identify support, resistance, and trendlines and channels in higher time frames charts, allows the trader to find the best entry and exit points in the lower time frame chart and to use a technical trading strategy.

Conclusion
In effect, the Fractals Adjustable Period Trend Lines indicator for MT4 provides the forex trader with the BULLISH, BEARISH trend. Moreover, they plot trendlines that act as support and resistance and BUY and SELL entry points. Additionally, forex traders can download the indicator for free and install it with ease.