Many traders believe that although prices may appear to be random, they do in fact follow a pattern in the form of trends. One of the most basic ways in which traders can determine such trends is through the use of fractals. Fractals essentially break down larger trends into extremely simple and predictable reversal patterns.
Fractals (developed by Bill William) are indicators on candlestick charts that identify reversal points in the market. Traders often use fractals to get an idea about the direction in which the price will develop. A fractal will form when a particular price pattern happens on the chart. The pattern itself comprises five candles and the pattern indicates where the price has struggled to go higher, in which case an up fractal appears or lower, in which case a down fractal appears.
An UP fractal formed when a candle has two candles to the right of it with two lower highs and at least two candles to the left of it with two further lower highs. This signifies a bearish turning point.
A DOWN fractal is formed when a candle has two candles to the right with higher lows and two candles to left with two further higher lows. This signifies a bullish turning point.
Easy Fractals provides a comprehensive dashboard that allows you to view the UP/DOWN fractals of up to 37 instruments across 6 timeframes (M5, M15, M30, H1, H4, D1) at one glance. In this way, you do not miss out any trading opportunities even on the go.
Below are some of the key features of the app.
– Timely display of UP/DOWN fractals of up to 37 instruments across 6 timeframes (M5, M15, and M30 are only available for subscribers),
– Timely push notification alert when UP/DOWN fractals are formed on your favourite instruments on your watch list,
– Display headline news of your favourite instruments,
– Economic Calendar of upcoming events
Easy Indicators relies on your support to fund its development and server costs. If you like our apps and wish to support us, kindly consider subscribing to Easy Fractals Premium. This subscription removes all advertisements within the app, allows you to view all timeframes (including M5, M15, M30), access to popular commodities and supports our development of future enhancements.
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