Fractal Pattern Indicator MT4
Overview on Fractal Pattern Indicator
Fractal Pattern Indicator is the first indicator that allows you to analyse Fractal Patterns in price and time. Its concept and practical application were originally developed and researched by Young Ho Seo.
In Fractal space, price and time are the independent variables that we have to predict in our trading. The indicator is designed to predict the moves in price and time. Considering that time based strategy is rare, this is very unique indicator with full range of time analysis.
In doing so, this indicator uses the Fractal Decomposition Analysis (FDA technique was originally created by Young Ho Seo). Fractal Decomposition Analysis allows us to study the seperate Fractal Cycles in order (i.e. also known as Fractal Cycle Analysis).
The indicator will output the probability information for the future turning point projection. You have an access to this probability information for small, medium, and large fractal cycles at the same time.
How to Use Probability information for turning point prediction
Probability presented in this indicator has the same meaning as the usual one. Hence, the probability presented in this indicator will tell you the likelihood of an event happening. In this case, the event is when we will likely to have a turning point (i.e. peak or trough). Based on this, you can use this indicator for serveral different purposes:
1) Catch Extreme move in price and time using Probability Envelope Study
2) Price Based Strategy + Time Probability Confirmation
3) Time Based Strategy + Price Probability Confirmation
Small, Medium, and Large Cycle
In your trading, you always need to concern more than one cycle. Hence, this indicator provides you three important cycles for your trading. All these valuable information can be accessed in just one button click. For your information, scientifically speaking, probability information provided in small cycle is slightly more accurate than medium and large cycle due to availability of data.
Trading Strategy with Fractal Pattern Indicator
Fractal Pattern Indicator provides the potential for trading with following approaches.
1. Statistical arbitrage
2. Structural break
3. Helping to detect more accurate rising wedge, falling wedge and triangle patterns
4. Improving Harmonic Pattern and X3 pattern trading with probability filter
5. Trading with Mother Wave with high turning point chance
6. any other innovative methods
Here is the basic on how to use Turning Point Probability for your trading. Before using Fractal Pattern Indicator, you must read and understand this article.
Mother wave is the wave nesting several child waves inside. Mother wave provides the important entry for your trading.
Here is how to configure the alert and signals for Mother Wave Pattern Detection (i.e. Trading Strategy 5).
Fractal Moving Average Indicator
Every Fractal Pattern Indicator users are adviced to use it with Fractal Moving Average Indicator together. The full
features of Fractal Moving Average indicator can be used with Fractal pattern Indicator. It is free.
Further Note about Fractal Pattern Indicator
Fractal Pattern Indicator can be used on its own. However, because this indicator provides valuable probability information for your
trading, you can always combine with different trading system. Following indicators can be used together with Fractal Pattern Indicator.
To switch off Probability Envelope study, set Use Probability Envelope = false