PFractals MT4 is an advanced indicator based on the traditional fractal concept, designed for MetaTrader 4. It analyzes market trends without recalculating past results. Users can adjust comparison depths and utilize it across various trading strategies, enhancing decision-making with flexible input settings.
Advantages of PFractals MT4
- Versatile Compatibility: PFractals MT4 works seamlessly on all instruments and time series, making it a versatile addition to any trader’s toolkit.
- No Redraws: One of the standout features of this indicator is its ability to provide results that do not redraw. This ensures that traders can rely on the signals generated without worrying about false adjustments.
- Adjustable Comparison Depth: The indicator offers an adjustable comparison depth, allowing traders to customize their analysis based on their specific strategies and market conditions.
- Strategy Integration: PFractals MT4 works well with a variety of popular trading strategies, enhancing their effectiveness by providing reliable fractal signals.
- Power of Fractals: Users can adjust the power of fractals, giving them flexibility in how they interpret market movements and potential reversals.
Input Settings
The indicator comes with the following input settings:
- Number of Comparisons: This setting determines the number of candles selected for comparison on each side, helping to refine fractal calculations.
- Marker Distance: Users can set the distance of the markers from the candlestick, allowing for better visualization of fractals on the chart.
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