Steinitz Fractal Breakout Indicator (MT4)

As the name suggests, the Steinitz Fractal Breakout indicator for Metatrader 4 provides buy/sell signals based on Fractals.

The indicator appears in the main MT4 charts as 3 colored signal lines together with buy & sell arrows.

It’s a versatile indicator that can be used in various ways. Please find an example below.

Open a buy trade when the candlestick is positioned above all 3 signal lines and a green arrow appears on the chart (strongly bullish).
Open a sell trade when the candlestick is positioned below all 3 signal lines and a red arrow appears on the chart (strongly bearish).

The indicator can be used as a standalone trading tool for both trade entry and exit.

It can also be used as an additional signal indicator that works together with an existing trading strategy or system of your preference.

Free Download

The picture below shows the Steinitz Fractal Breakout mt4 indicator in action on the trading chart.

Tips:

Feel free to use your own favorite trade entry, stop loss and take profit strategy when using the Steinitz Fractal Breakout Forex indicator.

As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.

Please note that even the best trading indicator cannot yield a 100% win rate over long periods.

Indicator Specifications & Inputs:

Trading Platform: Developed for Metatrader 4 (MT4)

Currency pairs: Works for any pair

Time frames: Works for any time frame

Trade Style: Works for scalping, day trading and swing trading

Input Parameters: Variable (inputs tab), color settings & style

Indicator type: Breakout

Does the indicator repaint? No.