What You Need to Know About Custom Fractals
- How many bars do you need to form a fractal?
- What’s the ideal distance for arrows from the price?
- Customize your Wingdings character through input parameters
- Adjust arrow size easily via input parameters
When it comes to trading, understanding the tools at your disposal is crucial. The Custom Fractals indicator for MetaTrader 5 offers a fresh twist on the classic fractals from MetaQuotes. With this tool, you can unlock new features that help you better organize fractals across various instances.
A fractal essentially highlights a local extremum, which is surrounded by less extreme candles. It’s a signal that can indicate market continuation when a fractal is breached, marking a local higher high (hh) or lower low (ll) that the market has now surpassed.
Incorporating Custom Fractals into your trading strategy can give you a leg up in identifying potential market reversals or continuations. So why not give it a try and see how it can enhance your trading experience?
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