Fractals Indicator - Bill Williams' Fractals
Fractal Indicator Definition
Fractals is an indicator highlighting the chart’s local heights and lows where the price movement had stopped and reversed. These reversal points are called respectively Highs and Lows.
For more information how to set the indicator in the terminal please click here
How to Use Fractal Indicator
Bill Williams' Fractals are formed around a group of five consecutive bars the first two of which are successively reaching higher (or diving deeper) and the last two descending lower (or growing higher) with the middle one being the highest (or the lowest) result in the group accordingly.
- Buy fractal is an arrow pointing to the top
- Sell fractal is an arrow pointing to the bottom
How to use Fractals in trading platform
Use indicators after downloading one of the trading platforms, offered by IFC Markets.