Fractal MTF Indicator

Indicator VS Fractal MTF allows the current time frame to see the fractals, which are located at a longer period of time frames.

As is well known on the charts currency instruments levels of fractals are of great importance as indicate the price levels, which are important support and resistance lines. And if these support and resistance levels are formed on the upper time frames, they are more important than the current and the higher time frame, the more important or that support or resistance level.

This indicator VS Fractal MTF just lets you see fractals high time frames without having to constantly switch between time periods, it will save you time in the trade and shorten the decision-making at the opening of transactions that, in many cases it is very useful, especially if you trade minute time frames.

Indicator parameter for VS Fractal MTF is only one, is: "TF" , it allows you to establish the time frame, fractals which you want to see the current time period. By default this parameter is set to "0" , it means that the indicator will display all fractals only with the current time frame. In order to show the fractals with different time periods, it is necessary in this parameter to specify the desired time frame in minutes, for example:



H1 = 60;
H4 = 240;
D1 = 1440;
W1 = 7200.
And you will get from any fractal time frame that you need at the moment.

The use of the trade:

As many novices trading and virtually all practitioners to traders, the author of the indicator "Fractal" is a respected trader Bill Williams , who wrote also three excellent books on trading.

And since it is known that light , "Fractal" is one of the indicators used in forex trading. One of the most popular ways to trade on this indicator is trading on the breakdown of the level at which indicates that a fractal. Thus, the deal will open when the price level will overcome the fractal up or down, respectively, and the deal will open in the direction of the breakdown, top - down and to buy - for sale.

The initial stop loss in this strategy can be installed under the nearest local minimum or maximum, depending on which way was open trading position.

Download VS Fractal MTF indicator for MT4