Forex Ex Trend V2 Indicator

Forex Ex Trend V2 Indicator:

The ExTrendv2 indicator is a new version of the ExTrend indicator that draws fractal channels. The new version does not use the built-in indicator iFractals. Instead, it uses its own analysis, which is closer to the original definition of Bill Williams’ fractals. In this regard, the number of “clean” fractals has significantly decreased, and the signals of breakthrough of fractal lines are now more significant.

Also now the indicator produces Buy or Sell signals at a certain model of breakthrough of the fractal line.

Test results:

Forex Ex Trend V2 Indicator

Copy and paste the file into the MQL5 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL5 > Indicators (paste here)

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