Fractals is an indicator that allows you to detect the bottom or top of the price chart. An up fractal is technically described as a series of at least five consecutive bars, with two lower highs just before and right after the highest high. The opposite configuration, a series of five bars with two bars with higher lows before and right after the lowest low, corresponds to a down fractal.
View of the indicator on the chart:
To add and customize this indicator, you need to open the Indicator Settings Window.
Panel - the choice of the indicator location on the chart:
- New panel
Show zero values - display zero values.
Scale - if this option is enabled, the scale will be automatically calculated based on the minimum and maximum value of the indicator, so that the indicator would fit on the chart.
Visual type - visual setting of the indicator display on the graph:
- Up arrow
- Down arrow
- Axis label
Line style - setting up the type of line display:
- Dash - dot
- Dash - dot - dot
Width - setting the thickness of the indicator line.
For items Fractal Down settings are similar.
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