Skip to content

Simple Fractals Indicator For MT4

    The Simple Fractal indicator for Metatrader 4 identifies bullish & bearish fractals and draws them on the chart as colored support/resistance arrows.

    In essence, Fractals act as support and resistance levels and work for any time frame.

    Fractals can be used for breakout trading, stop loss placement and setting take profit targets.

    Buy & sell signal:

    • In an uptrending market, look to buy in the vicinity of the blue support fractal arrow.
    • In a downtrending market, look to sell in the vicinity of the red resistance fractal arrow.

    From our testings, the indicator does not repaint and works for any currency pair and time frame without slowing down the trading platform.

    It can be used as a standalone technical tool or it can be combined with other technical indicators and trading strategies.

    Try first on a demo account until you fully understand how this indicator works!

    Free Download

    Download the ifreenumfractals-indicator.mq4 indicator file (MT4)

    Indicator Chart Example

    The picture above shows the indicator attached to the Euro / U.S. Dollar chart.

    How to install the Simple Fractal indicator to your Metatrader 4 platform?

    • Download the ifreenumfractals-indicator.mq4 indicator file here and save it to your computer
    • Open your Metatrader 4 platform
    • Click on “File” (top menu) and then select “Open Data Folder” from the drop down menu
    • Click on “MQL4” and open the “Indicators” folder
    • Paste the indicator file in this folder
    • Restart Metatrader 4 and you’re ready to start using the indicator

    How to edit the indicator?

    • Attach the indicator to any trading chart of your preference
    • Right click in the chart and select “Indicators List” from the drop down menu
    • Select the indicator from the list and click on “Edit”
    • Now you can start editing the indicator (Inputs, Colors and Visualization)
    • Final step, click on the “OK” button to save the new configuration