Advanced Fractal Overlay Forex Indicator For MT5

The Advanced Fractal Overlay Forex indicator for Metatrader 5 turns fractals into a powerful buy & sell technical tool that works out of the box.

The indicator appears in the main chart window as green and red colored fractal based candlesticks.

How to determine the buy & sell market trend with this technical tool?

  • A green fractal candle is bullish.
  • A red fractal candle is bearish.

For scalpers and day traders, the Advanced Fractal Overlay indicator delivers the best trading results during the London and New York trading sessions.

The indicator contains the following inputs and parameters: colors, style.

Make yourself familiar with this technical indicator and test it first on a demo account.

It supports all time frames and Forex pairs.

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Advanced_Fractal_Overlay.mq5 Indicator (MT5)

Chart Example

The following chart shows how the Advanced Fractal Overlay indicator looks like when applied to the MT5 chart.

How To Buy And Sell Forex Pairs With The Advanced Fractal Overlay Forex Indicator?

Find a simple trading example below:

Buy Signal

  • The first green fractal candle is your buy signal.
  • Open a buy transaction and place a stop loss below the most recent swing low.
  • Close the buy trade for a fixed take profit target, or wait for a sell signal.

Sell Signal

  • The first red fractal candle is your sell signal.
  • Open a sell transaction and place a stop loss above the most recent swing high.
  • Close the sell trade for a fixed take profit target, or wait for a buy signal.

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Advanced_Fractal_Overlay.mq5 Indicator (MT5)

Frequently Asked Questions

How Do I Install This Custom Indicator On Metatrader 5?

  • Open the MT5 trading platform
  • Click on the File menu button located at the top left part of the platform
  • Click on Open Data Folder > MQL5 folder > Indicators
  • Copy the Advanced_Fractal_Overlay.mq5 indicator file in the Indicators folder
  • Close and restart the trading platform
  • You will find the indicator here (Navigator window > Indicators)
  • Drag the indicator to the chart to get started with it!

How Do I Edit This Indicator?

  • Click in the open chart with your right mouse button
  • In the dropdown menu, click on Indicator List
  • Select the indicator and click on properties
  • Now you can edit the inputs, colors, levels, scale and visualization
  • Finally click the OK button to save the new configuration