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Fractals Adjustable Period Alerts

Trade fractals using the Fractals Adjustable Period Alerts MT4 Indicator. Change the fractal period or use multi time frames to get buy and sell forex trading signals. Download and improve your fractal trading.

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Description

The Fractals Adjustable Period Alerts MT4 indicator provides buy and sell forex trading signals based on the fractals. Additionally, it provides alerts and has an adjustable fractal period with various settings to suit trading styles.

Features of Fractals Adjustable Period Alerts MT4 Indicator

The indicator plots a blue down arrow for a sell signal and red up arrow for a buy forex trading signal. In fact, traders can choose a desired chart time frame to calculate the fractals and plot them in the current price chart.

Generally, fractal indicators plot multiple buy and sell alerts as the fractal changes, leading to confusion. However, traders can adjust the number of signals or limit to one signal. Another feature is the possibility to adjust the fractal period in the input settings.

The trading strategy is to enter and exit the market based on the appearance of the buy and sell arrow trading signals.

Benefits of Fractals Adjustable Period Alerts MT4 Indicator

The indicator is a multi time frame indicator and is suitable to formulate MTF forex trading strategies. Moreover, it is simple to use and is beneficial for new and advanced forex traders. Furthermore, the flexibility of this indicator in providing various settings makes is useful.

The indicator works well on all chart time frames and is suitable for scalpers, short and long-term forex traders.

Indicator Settings Description

TimeFrame: Chart time frame for fractal identification.

FractalPeriod: Period for fractal calculation.

PriceHigh:, PriceLow: Input for high and low.

UpperArrowDisplacement:, LowerArrowDisplacement: Distance of signal arrow from the candlestick.

DotsNumber: Number of bullish or bearish dots per signal.

alertsOn:, alertsMessage:, alertsSound:, alertsEmail: Enables alerts.

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How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

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