Trend indicator with a unique algorithm for detecting trend reversals. It uses Price Action and its own filtering algorithm to determine the trend. The algorithm is based on a price channel based on chart fractals. This approach helps to accurately determine the entry points and the current trend on any timeframe. Recognize a new emerging trend with fewer false positives without delay.
Peculiarities
The advantage of the indicator is that its period is dynamic. Since it is tied not to the number of candles, but to the number of opposite fractals, with the given parameters!
The Fractals Channel indicator is trending, so it is recommended to use it on any trending currency pairs!
Settings
- - - - - - - Period - - - - - - -
Number of opposite fractals (2 min) - the number of opposite fractals to determine the channel
Trend changes if - a method for determining a trend change: by touch, by closing outside the channel, by exiting the channel
- - - - - - Fractal settings - - - - - - Fractal definition settings (recommended by default)
Bars to the left of the fractal - the number of bars before the fractal candlestick
Bars to the right of the fractal - the number of bars after the fractal candle
- - - - - - - - Display - - - - - - - -
Display on historical bars - the number of bars for which the indicator and statistics will be calculated
Display trend change statistics - display statistics on the chart
Display trend arrows - display trend change arrows
Display profit (points) - display of potential profit
- - - - - - - Alerts - - - - - - -
Alert - alert
Push notification - push notification to the phone when a trend changes
Email - sending a letter to your mailbox when a trend changes
To be convinced of the declared advantages of the indicator, download a free demo version for testing in the terminal.
If you have a suggestion for improving this product or you have found a bug, be sure to write me a private message.
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