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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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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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