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Fractal LVL AM

The Fractal LVL AM indicator analyzes the price patterns that form on the candlestick chart and display the turning points of the market trend.

A fractal consists of candles, the middle of which is either the highest (upward fractal) or the lowest (downward fractal) of all the candles taken for analysis.

Unlike the original indicator where fractals are formed by five candles (maximum/minimum in the center and two candles with smaller/larger maximum/minimum values ​​on each side), the proposed version of the indicator allows you to independently adjust the number of candles on each side of the central candle to identify the fractal .

Also, the proposed indicator identifies three different fractals simultaneously.

Having detected a fractal, the indicator sets a support/resistance level that will be displayed until the current price overcomes its value.

The indicator is an excellent assistant for setting pending orders to enter/exit a trade.


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