The Fractal Trend 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.
Trading Signals
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.
Download
Download the Fractal Trend Lines.mq4 indicator.
USD/JPY 15 Min Chart Example
How to install the Fractal Trend Lines custom indicator in Metatrader 4?
- Download the Fractal Trend Lines.mq4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.