The Adaptive Market Levels Fractal indicator for MT4 is an easy to use buy and sell signals indicator that works on any time frame of your preference.
It’s based on the Fractal technical indicator.
Deploy it for scalping and day trading .
- A buy signal occurs when price closes above the Adaptive Market Levels indicator blue line.
- A sell signal occurs when price closes below the Adaptive Market Levels indicator blue line.
The Fractal and lag parameters can be adjusted by accessing the indicator’s inputs tab.
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Adaptive Market Levels Fractal Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With Adaptive Market Levels Fractal Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Initiate a long trade when price rises above the MT4 indicator’s blue trigger line.
Place a stop loss below immediate support, or use your own stop loss strategy.
Close the trade for a fixed profit target, for example 20 pips on the 5-minute chart. Naturally, you can use your own take profit method for buy trades.
Sell Trigger: Initiate a sell trade when price falls below the MT4 indicator’s blue trigger line.
Place a stop loss above immediate resistance, or use your own stop loss strategy.
Close the trade for a fixed profit target, for example 40 pips on the 1-hour chart. Naturally, you can use your own take profit method for sell trades.
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Fractal period, Lag , colors, width, style.
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, RSI,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend scalper
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.