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PZ Fractal Channel MT4

Rediscover how fractals can transform your trading

This is a very simple yet effective indicator to trade breakouts of variable fractal periods. A fractal is a price formation of an odd number of bars, being the middle bar the highest or lowest price point of the formation. These prices act as short-term support and resistance levels, which this indicator uses to draw a price channel and display breakouts.

[ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

  • Easy to trade
  • Fractal breakouts can start long trends
  • The fractal channel is a great trailing stop method
  • It is non-repainting and non-backpainting
  • It implements alerts of all kinds
  • Customizable colors and sizes
A higher period leads to more reliable breakouts, yet they appear less often. This indicator should be confirmed with higher-timeframe analysis. In general, you'll want to increase the fractal period for lower timeframes and decrease it for higher timeframes.


Input Parameters

  • Period: amount of bars to calculate fractals from. Must be an odd number
  • Breakouts: enable or disable breakouts
  • Colors: customize arrow colors and size
  • Alerts: Enable or disable alerts of all kinds


Author

Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

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Step into the realm of Forex trading with confidence and precision using XQ, a cutting-edge Forex indicator designed to elevate your trading game to unprecedented heights. Whether you're a seasoned trader or just stepping into the world of currency exchange,   XQ Forex Indicator   empowers you with the insights and signals needed to make informed trading decisions. The signal conditions are a combination of three indicators, and XQ Forex Indicator only display  medium and long-term trends . The
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