Fine Fractals - graphical indicator
Fractals are one of the traders' favorite tools and are often used to construct trends and price channel lines. Fine Fractals indicator allows you to see important extremes that are missed by the normal fractal indicator.
To work in a flat area in Fine Fractals indicator shift function has been added for more precise time of extremum definition.
Commentary from ForTrader.orgOn the one hand the Fine Fractals indicator shows us more extrema, but in the trend it can play a cruel joke, showing an excessive number of unimportant supports and resistances.