WLX Fractals Indicator
Platform: MT4 Type: Pattern Last update: September 23, 2024The WLX Fractals Indicator for MT4 is just another variation of the well-known fractals indicator. It’s based on a simple price pattern that is frequently seen in forex and other financial markets. One thing you should know when trading with these forex fractals is that they are confirmed after at least 2 candles.
Example trade with the WLX Fractals Indicator
Below is the screenshot of an example trade with the WLX Fractals Indicator.
We added 100-period Exponential Moving Average to define the overall market trend. In the case above, the trend is obviously downwards. A blue fractal appeared on the chart, and the trade was triggered two candles after that. The trade was closed after red confirmed fractal.
