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Fractal Channel 2.0

Metatrader Indicator (MT4)

  • Overview

    Find and trade fractal breakouts easily! A fractal is a price formation of five bars, being the middle bar the highest or lowest price point of the formation. These prices act as short-term support and resistance levels, which this indicator uses to draw a price channel and display breakouts.

    • Easy to trade
    • Fractal breakouts can start long trends
    • The fractal channel is a great trailing stop method
    • It is non-repainting and non-backpainting
    • Customizable colors and sizes
    • It implements alerts of all kinds
  • Input parameters
    Input parameters

    When loading the indicator or EA to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks.

    Breakouts
    Choose if breakout arrows must be displayed.
    Verbose
    Enable to display consecutive breakouts in the same direction.
    Buy Arrow
    Color of bullish arrows.
    Sell Arrow
    Color of bearish arrows.
    Alerts
    Enable or disable alerts of all kinds.
  • ? FAQ
    What is a fractal?
    A fractal is a price formation of five bars, being the middle bar the highest or lowest price point of the formation. An unbroken fractal is usually regarded as a possible reversal point for the market, whereas a broken fractal is regarded as a breakout that can start a new trend.
    Does the indicator repaint?
    No, it does not.
    Does the indicator backpaint?
    No, it does not.
  • Comments

    Keep comments tidy and respectful. Avoid spam, offensive remarks, self-promotion and posting personal or payment information. The comment section is for discussion and questions only. Please note that we'll never solicit payments in the comments section.

Screenshots

Fractal Channel Indicator for Metatrader
Fractal Channel Indicator for Metatrader
Fractal Channel Indicator for Metatrader
Fractal Channel Indicator for Metatrader
Fractal Channel Indicator for Metatrader
Fractal Channel Indicator for Metatrader
Fractal Channel Indicator for Metatrader