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Full Fractals MT5

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Published: 1 February 2023

Current version: 1.2

Full Fractals MT5

4.73

Indicators
Sergey Ermolov
Version: 1.2
Updated: 2 May 2023

MT4 version | Owl Smart Levels Indicator | Owl Smart Levels Strategy | How to install? | FAQ

The Fractals Indicator is one of the elements of the author's trading strategy of Bill Williams. It is used to search for price reversal points on the price chart and, consequently, support and resistance levels.

The Full Fractals Indicator is an improved Fractals which is available in the toolkit of almost all trading terminals. Its only difference is that to build a fractal we use 5 candles to the left and 2 to the right of the main candle (see Figure 1). In addition to the basic constructions, Full Fractals looks for levels where the price has stopped for some time.

What the Full Fractals indicator shows.

Fractals are displayed on the price chart as up and down arrows on a key candle. Based on these points you can freely build support and resistance levels.
The indicator draws levels on the chart in the place where there were several fractals approximately at the same level. These levels are strong levels that can be freely traded for a bounce or a breakout and retest of the same level (see Figure 3).

As in Bill Williams' strategy, the Full Fractals Indicator cannot be a full-fledged trading system but as a basis or in addition to other indicators you can develop a full-fledged trading strategy.

I recommend to use the indicator as part of the trading system Owl Smart Levels. The trading system includes the basic principles of trading on a global trend and 3 simple indicators that have been tested for a century.

Have a look at the weekly trade reviews by clicking on the link >>

The indicator is equally well applicable both in the Forex market and in the stock market. Moreover, it works perfectly on commodity markets and indices. Even in a fairly young cryptocurrency market the indicator honors itself perfectly and gives a clear understanding of the market phase.

Full Fractals Indicator settings.

Candles on the left - determines the number of bars on the left to build a fractal
Candles on the right - determines the number of bars on the right to build a fractal
Support and resistance levels - enable the display of support and resistance lines on the chart
Continuation of lines (bars) – the number of candles by how much to extend the lines to the right of the extreme fractal

Download and use the Full Fractals Indicator for free! I hope it will bring you a good profit in the market and you, in gratitude for this, leave a positive review and share your results in the comments.

I'm Sergei Ermolov, follow me for updates!

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1081

Franck Martin 2023.05.30 09:51 #

Very good indicator, thank you. I use it to confirm my signal strategy.

Chello Trader 2023.05.03 14:51 #

HOW TO INVERT SUPPORT AND RESISTANCE COLORS ??? EXAMPLE: RED RESISTANCE, GREEN SUPPORT . THIS INDICATOR IS WONDERFUL. I USE IT WITH SMC AND MY SUCCESS RATE IS HIGH. BUT I WOULD LIKE TO CHANGE THE COLORS OF THE SUPPORT AND RESISTANCE LINES.WHEN I TRY TO CHANGE THE COLORS OF THE SUPPORT AND RESISTANCE LINES, THE OPERATION AREA DOES NOT CHANGE THE COLORS. THANK YOU VERY MUCH.

178

watt nid 2023.04.30 15:54 #

Thanks, it is good indicator

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Backtests from 2015 | MT4 version | How to install? | FAQ MiloBot PRO is a Forex Expert Advisor (EA) based on the author's strategy which has been developed, tested and optimized for more than 2 years. The main indicator of the MiloBot PRO’s reliability is developers’ real accounts totaling more than 100 000 USD . The MiloBot Pro’s advanced algorithmic strategy gives everyone the opportunity to earn the stable profit every month. Copyrighted indicators help the EA accurately to

753 USD

MT4 version | Valable ZigZag Indicator | How to install? | FAQ The Grid HLevel Expert Advisor is perfect for those traders who want to make a stable profit in the Forex market every month. The Expert Advisor works according to the averaging strategy and I suggest you to use it correctly. To use it "correctly" means to open trades with averaging in the reversal point of the market and trade only in the direction of a global trend. As for the direction of the main trend, I suggest to

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MT5 version | Owl Smart Levels Indicator | Owl Smart Levels Strategy | How to install? | FAQ The Fractals Indicator is one of the elements of the author's trading strategy of Bill Williams . It is used to search for price reversal points on the price chart and, consequently, support and resistance levels. The Full Fractals Indicator is an improved Fractals which is available in the toolkit of almost all trading terminals. Its only difference is that to build a fractal we use 5 can

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The swing strategy is the basis of the Shuttle Runner Expert Advisor . The strategy was described as far back as 2009 and is actively used by traders in the Forex market. Shuttle runner is a revised and improved version of this strategy. Trading recommendations for the current week: here Ask questions in the chat here The basic gist of the strategy is this: This advisor should be traded only during active market phases . And we know that the market is active during the European and American tr

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MT4 version | How to install? | FAQ | EA Universal Breakout Universal Box plots price ranges on the chart which can be used later to trade on a price range breakout. There are many strategies with which you can apply this indicator. The indicator is set by default to mark Asian, European and American trading session ranges on the chart. Ranges are plotted as rectangles, the boundaries of which are the beginning and end time of the trading session, and the levels of maximum

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MT5 version | Trend Monitor VZ Indicator | Owl Smart Levels Indicator | Owl Smart Levels Strategy | How to install? | FAQ The Elliott wave theory is an interpretation of processes in financial markets that relies on a visual model of waves on price charts. The Valable ZigZag indicator displays the wave structure of the market, which can be used to make trading decisions. The Valable ZigZag indicator is more stable and does not often change its direction like the classic ZigZag

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MT5 version | How to install? | FAQ | EA Universal Breakout Universal Box plots price ranges on the chart which can be used later to trade on a price range breakout. There are many strategies with which you can apply this indicator. The indicator is set by default to mark Asian, European and American trading session ranges on the chart. Ranges are plotted as rectangles, the boundaries of which are the beginning and end time of the trading session, and the levels of maximum and minimum pr

FREE

MT5 version | Valable ZigZag Indicator | How to install? | FAQ The Grid HLevel Expert Advisor is perfect for those traders who want to make a stable profit in the Forex market every month. The Expert Advisor works according to the averaging strategy and I suggest you to use it correctly. To use it "correctly" means to open trades with averaging in the reversal point of the market and trade only in the direction of a global trend. As for the direction of the main trend, I suggest to de

FREE

MT5 version | Valable ZigZag Indicator | How to install? | FAQ The Elliott Wave Theory is an interpretation of the processes in the financial markets, which is based on the visual model of waves on the price charts. According to this theory, we can know exactly which trend is prevailing on the market now, upward or downward. The Valable ZigZag Indicator shows the wave structure of the market , as well as indicates the direction of the main trend at the moment on the current timeframe.

49 USD

I think everyone knows such a rule of money management as "Safe". For those who are not aware, the safe assumes closing half of the position after the profit on the transaction has equaled the size of the stop. Thus, even if the price reverses and catches the stop, you will not lose money, because exactly the same amount of profit was received when closing part of the position earlier. The Safety Expert Advisor has only one setting – the closing lot. Leaving it at position 0, the adviser will

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MT4 version | Valable ZigZag Indicator | How to install? | FAQ The Elliott Wave Theory is an interpretation of the processes in the financial markets, which is based on the visual model of waves on the price charts. According to this theory, we can know exactly which trend is prevailing on the market now, upward or downward. The Valable ZigZag Indicator shows the wave structure of the market , as well as indicates the direction of the main trend at the moment on the current time

49 USD

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Franck Martin 2023.05.30 09:51 #

Very good indicator, thank you. I use it to confirm my signal strategy.

Chello Trader 2023.05.03 14:51 #

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Reply from developer Sergey Ermolov 2023.05.03 15:07 #

There is no such possibility yet. I will make it next update

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watt nid 2023.04.30 15:54 #

Thanks, it is good indicator

romildofialho fialho 2023.04.24 14:40 #

nos auxilia dando um um sinal de alerta de uma possivel reversão de velas e tendência. Valeu

Adamow 2023.04.14 03:29 #

Great, customisable indicator!

Okan Kilic 2023.04.06 11:51 #

Test ediyorum bu yüzden olumlu yada olumsuz yorum yapamam ilerleyen zamanda yorumlama yürütmem

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Reply from developer Sergey Ermolov 2023.04.06 12:09 #

tamam umarım fikrini değiştirirsin

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Nicolas Dobrovsky 2023.04.05 08:22 #

Very good indicator, thanks

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Alexandre Haag Garcia 2023.03.16 09:46 #

Excelente

luxtrader82 2023.03.15 01:36 #

Does what it says, good

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Evgeny Belyaev 2023.03.11 06:54 #

A very interesting indicator. Thank you!

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spectrus 2023.02.24 20:56 #

Congratulations on the job! Excelent indicator! Thanks for sharing!

Andrew Betts 2023.02.08 10:12 #

Ausgezeichnete Arbeit, genau das, was fehlte, um einen Berater aufzubauen

Version 1.2 2023.05.02

added notifications:
- about the new fractal
- about the new support and resistance zone