The Fractals indicator works by scanning the chart for repeated candlestick patterns. Patterns are comprised of 5 consecutive candlesticks. This Indicator is a lagging indicator by design, but it is generally is used at large time frames to generate solid trade signals.
Supported Trade Types
- Exchange Website to monitor
- Currency Pair to monitor for trade signals
- Update Speed
- Trade Signals
Tip: The exchange doesn't have to be the same exchange you are currently trading on.
It is recommended to use this indicator with other technical analysis indicators for stronger trade signals. Users will generally want to use Fractals at higher time intervals.