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The fractal indicator, a concept introduced by Bill Williams, is used by traders to identify the direction and strength of the market trend, potential reversal points and trading opportunities.
Some of the best technical indicators to pair with stochastic are moving average crossovers, moving average convergence divergence (MACD), and relative strength index (RSI).
Fractals pattern has many advantages. Firstly, it's easy to identify it on any timeframe. Secondly, it works with many technical indicators. 100% Deposit Bonus – Double Your Profit! Thirdly… ...
Fractals are simply broken up pieces of a larger movement, most frequently constructed visually as a bar chart. Let's say you're looking at yields on 10-year treasuries on your Bloomberg terminal.
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