Fractal Trend Lines Metatrader 4 Indicator
The FractalTrend indicator draws support and resistance trend lines on the Metatrader 4 charts. It’s based on fractals. The indicator works for all time frame’s and pairs.
BUY: Buy if the currency pair breaks and closes above the upper trend line (resistance).
SELL: Sell if the currency pair breaks and closes below the lower trend line (support).
Use in conjunction with other tools. For example, pivot points and extension levels (s1,r1,s2,r2,s3,r3) could help you to determine exit points.
USD/JPY 15 Min Chart Example