Powerup Capital Review #62

We would like to share with you on how to use the Forex Fractal Indicator, part of MT4 Indicators.

The Technical Analysis Forex Indicator, FRACTAL, allows us to identify changing points in the Forex market direction.

The rules to identify Fractals are:

• Bearish Fractal:  It happens when there is a figure with a Candlestick in between that has the maximum top and two maximum lows to each side.
• Bullish Fractal:  It happens when there is a figure with a Candlestick in between that has a minimum low and two minimum tops to each side.  

Fractals are important to trace trend lines in the Forex market.  When we join two fractals we can identify key Supports and Resistance in the market.

Powerup Capital Review Fractals

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This is how you add the indicator in MT4.