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PZ Fractal Channel MT4

This is a very simple yet effective indicator to trade breakouts of variable fractal periods. A fractal is a price formation of an odd number of bars, being the middle bar the highest or lowest price point of the formation. These prices act as short-term support and resistance levels, which this indicator uses to draw a price channel and display breakouts.  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

  • Easy to trade
  • Fractal breakouts can start long trends
  • The fractal channel is a great trailing stop method
  • It is non-repainting and non-backpainting
  • It implements alerts of all kinds
  • Customizable colors and sizes
A higher period leads to more reliable breakouts, yet they appear less often. This indicator should be confirmed with higher-timeframe analysis. In general, you'll want to increase the fractal period for lower timeframes and decrease it for higher timeframes.


Input Parameters

  • Period: amount of bars to calculate fractals from. Must be an odd number
  • Breakouts: enable or disable breakouts
  • Colors: customize arrow colors and size
  • Alerts: Enable or disable alerts of all kinds


Author

Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

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4.4 (35)
NEW YEAR SALE PRICE FOR LIMITED TIME!!! Please contact us after your purchase and we will send you the complimentary indicators to complete the system Cycle Sniper is not a holy grail but when you use it in a system which is explained in the videos, you will feel the difference. If you are not willing to focus on the charts designed with Cycle Sniper and other free tools we provide, we recommend not buying this indicator. We recommend watching the videos about the indiactor and system before pu
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134726 2021.10.16 00:37 
 

estoy empezando a usarlo no veo que repinte y ademas muy bueno en el GBP/JPY en 4H

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