Technical Indicators

Fractals


Purpose

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.



Usage

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

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