FractalsTrend - graphical indicator

FractalsTrend indicator connects by a line the last two fractals at the top and bottom of the chart, allowing you to see the direction trend.

FractalsTrend - graphical indicator

The basis of FractalsTrend indicator is based on the idea of B. Williams' fractals and classical technical analysis, according to which the trend is a sequence of simultaneously growing highs and lows. The absence of a trend is characterized by chaotic dynamics, when it is impossible to determine the direction.

The FractalsTrend indicator signals are: price crossing one of the external lines in case of their co-directional movement, price pullback to one of the lines after the breakdown.

Commentary from ForTrader.org: FractalsTrend - not bad trend indicator, will be especially useful in a strategy based on fractal theory.

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