Forex PZ Reversal Fractals MT4 Indicator

Forex PZ Reversal Fractals MT4 Indicator:

About the Forex PZ Reversal Fractals MT4 Indicator

This is the latest iteration of my famous indicator, Reversal Fractals, published for the first time almost a decade ago. It examines the price structure of fractals to determine possible reversal points in the market, providing timing to positional traders that already have a fundamental or technical valuation model.

  • Reversal fractals can start long trends
  • The indicator is non repainting
  • It implements alerts of all kinds
  • Customizable colors and size

This indicator is a reactive or lagging signal, because a a fractal is a formation of an odd number of bars being the middle bar the highest or lowest in the formation, and the indicator draws when the all bars in the fractal close. However, traders with a pre-existing directional bias will find this indicator extremely useful, picking up early entry points.

This indicator is not a boiled-down signals indicator nor a complete trading system. Please don’t evaluate or review it as such.

 

Input Parameters

  • Bars in Fractal: Amount of bars in each fractal. Must be an odd number such as 3, 5, 7, 9, 11, 13, …
  • Max History Bars: Amount of past bars to evaluate when the indicator loads.
  • Colors: customize arrows and lines colors and sizes.
  • Alerts: Enable or disable alerts of all kinds.

Support

I am happy to provide free products but given my limited time, they come without support of any kind. My apologies.

Author

Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

Test results:

Forex PZ Reversal Fractals MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

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

File > Open Data Folder > MQL4 > Indicators (paste here)

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