Fractals are a staple in the trading toolkit, but this version adds a unique twist that can really enhance your trading strategy. Unlike the standard fractals indicator, this customizable version lets you:
- Adjust the Fractals Period: The built-in fractals indicator typically uses a period of 5, but with this one, you can tweak it to suit your trading style.
- Select Price Levels: You have the option to choose the prices for highs and lows, which can be particularly handy during volatile market conditions, like extreme whipsaws.
One important note: the way fractals are calculated allows for both a fractal up and a fractal down to appear on the same bar. This is actually how it should work mathematically. Limiting it to just one fractal per bar can skew results and doesn't reflect the true market dynamics.
With this enhanced fractals indicator, you can make more informed trading decisions and adapt your strategy to meet the ever-changing market conditions. Happy trading!
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