Reversed Fractals
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Fractals are indicators on candlestick charts that identify reversal points in the market.
(Downloads - 2837)
Fractals 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 a 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.
Usage
- Download the attachment.
- Copy it to your company VertexFX Local VTL Files folder i.e. C:Program FilesCompany Namevtl10Local VTL Scripts
- Restart your Client Terminal or Right Click on “Local VTL Scripts” Tree Node and select Refresh to find the script.
Additional information
| Plugin-Type | Client VTL – Custom Indicator |
|---|---|
| Compatibility |