All f ilters are enabled: shows only usef ul f ractals shows trade signals shows break out positions f or current f ractals
On the image you can see def ault view of the BWI f ractal indicator. (As soon as you have added it to a chart.) Buy Fractals are shown as green arrows; Sell Fractals are shown as blue. Current (active) f ractals shown by big arrows. T he Fractal is not a signal to open a deal on its own.Signal will appear when price go higher f ractal’s maximum (or lower f ractal’s minimum) on certain number of pips (in the original 1 pips). Once price go higher/lower – in breakout position will appear corresponding arrow. To show where trader should place a pending order (using new f ractal signal) – the indicator draws dotted line. Appearance, colors, distance f rom f ractal maximum/minimum (is used to show f ractal breakout signal) and etc. trader can adjust using properties of the indicator.
General Information about Fractals All markets are characterized by the f act that on the most part the prices do not change too much, and only short periods of time (15–30 percent) account f or trend changes. Most lucrative periods are usually the case when market prices change according to a certain trend. A Fractal is one of f ive indicators of Bill Williams’ trading system, which allows to detect the bottom or the top. Fractal Technical Indicator it is a series of at least f ive successive bars, with the highest HIGH in the middle, and two lower HIGHs on both sides. T he reversing set is a series of at least f ive successive bars, with the lowest LOW in the middle, and two higher LOWs on both sides, which correlates to the sell f ractal. T he f ractals are have High and Low values and are indicated with the up and down arrows. T he f ractal needs to be f iltrated with the use of Alligator. In other words, you should not close a buy transaction, if the f ractal is lower than the Alligator’s Teeth, and you should not close a sell transaction, if the f ractal is higher than the Alligator’s Teeth. Af ter the f ractal signal has been created and is in f orce, which is determined by its position beyond the Alligator’s Mouth, it remains a signal until it gets attacked, or until a more recent f ractal signal emerges.