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Today, In this article, I am going to cover one of the most powerful trading indicators name Fractal indicator or you can call it Bill Williams fractal indicator.
This indicator is one of the most used indicator in the Pocket option trading platform and In this article, I am going to cover everything about this indicator and how you can use this indicator correctly to place high-quality trades and make good profits as well.
What is Bill Williams Fractal Indicator?
The Fractal indicator or Bill Williams Fractal Indicator is a repeating pattern indicator that repeats itself in the form of an Arrow. The Arrows appear around the price which helps us to identify the upcoming possible trends and reversals.
When you see the green arrows above the price it signals an upcoming bearish trend and vice versa when you see the red arrows below the price it signals an upcoming bullish trend.
- Fractal indicator or Bill Williams Fractal indicator is a trend indicator that was developed by Bill Williams.
- A fractal is a pattern that appears itself on a different scale. This indicator appears in the form of an Arrow around the price or candlestick that shows the high or low point.
- You can use this indicator to identify upcoming trends and reversals and when you notice the fractal indicator arrow above the price it signals an upcoming bearish friend and vice versa when you notice the indicator arrow below the price it signals an upcoming Bullish trend.
How to find and set the Fractal indicator on the Pocket Option?
Naturally, you need to first log in to your Pocket Option account. This indicator is free to use so, you can even try this indicator on the Pocket Option demo account. Once you have logged in find and click the indicator at the bottom of the page now, search for the Fractal indicator in the list and click on the indicator name. You can definitely change the indicator configuration like periods and colour however, I would suggest you let be the same. as it works best with default settings.
Best way to trade with Fractal Indicator on Pocket Option
There are multiple ways to trade with Fractal Indicator. The traditional way of trading with this indicator is by using the arrows around the price.
When the arrows are below the price you should consider placing a buy trade and similarly, when the arrows are above the price you should placing a sell trade. This trading technique is okay but if you want better results with Fractal Indicator you should combine the Fractal Indicator with other trend indicators like Super Trend, Vortex Indicator & more. However, In this article, I am going to combine the indicator with Support and Resistance.
In, case you don’t know how to draw Support and Resistance read this article.
Once, you have drawn an effective Support and Resistance levels. It’s now time to look for the trends. when you notice the Fractal indicator arrows near the Support level you should consider placing a buy trade similarly, when you notice the fractal indicator arrows near the resistance line you should consider placing a sell trade.
Check your Knowledge
Now, As you have attained the proper knowledge on how to use Fractal Indicator on Pocket Option. It’s now time to time to check your knowledge. comment below what trade should you place near the marked box above. Plus Is it near the Support level? Comment your answer below.