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Today In this article, I am going to discuss one of the most unique trading indicators i.e. Fractal chaos bands. This indicator is a technical analysis tool that combines Fractal geometry and Chaos theory to help you identify possible trading opportunities.
Fractal Chaos Bands (FCB) is a very powerful technical analysis tool used by traders to identify upcoming trends and reversals. The indicator is made from the composition of two bands i.e. Upper Band and Lower Band. The security price oscillates around these two bands. When the price oscillates around the upper band it signals a bullish market and vice versa when the price oscillates around the lower band it signals a bearish market.
Fractal chaos bands are free to use and you can even use this indicator on the Pocket Option demo account. In order to add a Fractal Indicator on the Pocket Option follow the steps given below:
When the green candle closes near the lower band it signals a good upcoming bullish trend and here you can consider placing a buy trade.
Similarly, When the red candle opens near the upper band it signals a good upcoming bearish trend and here you can consider placing a sell trade.
If you have read my previous articles, I have always suggested using a trend confirmator for better results and signals. With Fractal chaos bands, you can always use trend confirmators like Support and Resistance and other popular trend indicators like Super Trend & more.
You will get an even more strong buy trade signal when a green candle closes near the lower band plus it is near the support level Conversely, You will get an even more strong sell trade signal when the candle closes near the upper band plus it is near the resistance level.
You can use multiple indicators such as RSI, Stochastic & more. However, I use Support and Resistance to confirm the trend and it has given me great results.
Try Fractal Chaos Bands Indicator on Pocket Option for free
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