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MTF Fractal Indicator
MTF Fractal indicator is a technical tool to identify trend retracement and trend reversal. You can use the indicator as support and resistance as well.
CATEGORIES: MT4, SIGNAL, LEVELS
Updated on: 26.10.2023
The MTF Fractals indicator is one of the main tools used to determine the trend reversal (retracement or the emergence of a new trend). They allow you to enter at the most advantageous point and earn many points even with one order.
Moreover, the fractal indicator always works without redrawing, due to which its signals are particularly accurate. In practice, traders use both the basic version of the instrument and modified algorithms. It is about them that will be discussed in this article.
How does the MTF Fractal indicator work?
The MTF Fractal indicator provides the traders with the fractals of all time frames on one selected chart.
By default, down fractals are highlighted in blue, up fractals are highlighted in red. When you point the mouse cursor on the line, the indicator displays information about the timeframe on which the fractal is formed and its price level.
The MTF Fractal indicator is convenient for traders who use elements of fractal theory in their trading. The indicator facilitates the work, allowing you to see all the information on one screen without opening additional tabs.
Indicator can also serve as one element for creating your trading system or improving an existing one.
Save time withd software.
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