QUOTEX TRADING FRACTAL INDICATOR
QUOTEX TRADING FRACTAL INDICATOR is Quotex Trading using the Fractal Indicator by taking a position according to the direction of the fractal breakout. If the price moves past the rising fractal, then the position taken is buy. Conversely, if the price moves past the descending fractal, then the position taken is sell
Scientifically, the word fractal can be interpreted as a geometric-shaped fragment that can be broken down into smaller ones with relatively the same or similar shape. This definition was first put forward by the scientist Benoit Mandelbrot in 1975.
The relevance of the discussion in this article is not focused on the fractals referred to by Mandlebrot or Elliott. The highlight above aims to examine the theoretical basis, especially that conveyed by Elliott about price movements including the analysis process, including the emergence of indicators. Fractal is one of the five indicators introduced by Bill Williams. This indicator serves to provide an alternative picture of the top or bottom of the price movement of an instrument in a certain period.
In this discussion, the simplest definition of a rising Fractal is a bar that has the highest high, flanked by at least two bars with a lower high. Vice versa for fractals down. The fractals formed at the highest point or the lowest point will be marked with arrows according to the direction of movement.
USE OF FRACTAL
The use of Fractal in trading is to take a position according to the direction of the fractal breakout. If the price moves past the rising fractal, then the position taken is buy. Conversely, if the price moves past the descending fractal, then the position taken is sell. However, not all fractals can be used as signals. Only fractals preceded by other fractals in the opposite direction can be used as signals.
There are also start-type fractals, namely fractals which are the starting point for the signal fractal. Or in other words a fractal that is always followed by another fractal in the opposite direction. In its use, Fractal start can be used as a stop loss placement.
APPEARING FRACTALS IN GRAPHICS
To display the fractal, click the indicator function icon. Select Bill Williams, then fractal. Or click on the insert menu and select indicators, Bill Williams and then select fractals.
According to Bill William, the use of Fractal as a signal must be filtered through the Alligator. If the buy fractal is higher than the Alligators teeth (Fig. 4), then a buy transaction is taken a few ticks above the buy fractal. If the fractal is lower than the Alligators teeth, then a sell transaction should be taken a few ticks below the sell fractal. For the record, once a fractal signal is formed, it persists as a signal until a failure occurs or the next fractal is formed.
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