Fractal Indicator in MetaTrader 5

The Fractal Price Indicator (FPI) is a new way to identify patterns in price movements and is based on the theory that markets are fractal in nature.
The FPI is a five-vane indicator that can be found in the 'Inserting' section of the MetaTrader 5 platform.
The FPI works by looking for a minimum of five consecutive price movements that are higher or lower than the previous two movements, and the two movements that follow.
Williams argued that the Elliott Wave Principle is the underlying fractal structure of the markets, and that the Elliott Wave structure is fractal.
Recognizing fractal price patterns in trader behavior can provide an advantage in the market.
You don't need to separately download fractal indicators in order to use them in MetaTrader 5.
The FPI is one of the standard indicators that comes pre-installed with the MetaTrader 5 platform.
You can find the FPI in the 'Inserting' section of the MetaTrader 5 platform and it uses a formula that is based on five waves.
The fractal indicator forex MetaTrader 5 looks for patterns that are standard and recurrent in the work of Bill Williams. This means that you don't have to set anything up when you start the tool.
The only option you have when starting the fractal indicator forex is to choose the size and color of the marks.
The image below shows the fractal indicator forex MT5 marked on an EURUSD H4 chart using the preset color and thickness of line settings:
As you can see, the fractal indicator forex MetaTrader 5 has identified the forex fractals in the graph. However, it's only part of the work of being a successful trader. We need to observe sequences of fractal patterns in order to identify trends and decide on a trade.
Using the fractal indicator forex requires knowledge of the rules of forex trading established by Bill Williams. We will be covering these rules in detail in the following section.
The advantages of using the fractal indicator forex for trading are as follows:
Trading with the fractal indicator forex is only effective when combined with other trading tools to strengthen its signals. One way to do this is to combine the fractal indicator forex with another of Bill Williams' inventions, the indicator alligator.
One way to use the fractal indicator forex would be to open a trade only when both the fractal indicator forex and the indicator alligator agree on a trend direction. One of the strengths of the indicator alligator is that it helps you maintain a position while the market is still in your favor.
The fractal indicator is designed to align with the market trend.
The fractal indicator quickly identifies significant fractals and from them, we get signals designed to align with the market's directional flow.
Before making any investment decisions, it is important to be aware of the following:
This is a marketing communication. Its content is published only for informational purposes and should not be interpreted in any way as investment advice.
The fractal indicator is prepared by an independent analyst based on his personal estimates.
Any investment decision is taken by each individual customer separately, while Admirals is not responsible for any loss or damage resulting from such decision, regardless of whether it is based on the content of the fractal analysis.
To protect customer interests and the impartiality of the analysis, Admirals has established relevant internal procedures for the prevention and management of conflicts of interest.
The fractal analysis is prepared by an independent analyst (Jitan Solanki, freelance contributor) based on his personal estimates.
The analysis presented in Admirals' publications is based on data that is believed to be reliable and that as much information as possible is presented in a understandable, timely, precise and complete manner, Admirals does not guarantee the accuracy or completeness of any information contained in the analysis.
Any past or modeled performance of financial instruments mentioned in the Publication should not be interpreted as a promise, guarantee or implication by Admirals for any future performance. The value of the financial instrument may increase or decrease and the preservation of the value of the asset is not guaranteed.
Products backed by derivatives (including contracts for differences) are speculative and may lead to losses or gains. Before starting to operate, please ensure that you fully understand the risks involved.
Products backed by derivatives (including contracts for differences) are speculative and may generate losses or gains. Before starting to operate, you should ensure that you understand all the risks.