توضیحات

Purpose and functions of the indicator

The indicator determines and marks the moments of trend change on the chart based on the theory of fractal levels breakout on any of the analyzed timeframes. If a breakout based on all rules is valid, a horizontal line with corresponding color will appear on the chart. If there is an uptrend, the line will be blue. In the descending trend, the line will be red. The blue line is a strong support level, the trader should look for buying opportunities above this line. The red line is a resistance level, the trader should sell below it.

Stop loss with a buy trade should be set under the lowest low below the blue line. Stop loss for a sell trade should be set on the highest high above the red line. The color change of the line notifies the trader about a trend change. All the fractals and their breakouts that are located between these lines do not represent the change of trend. If the line appears on a larger timeframe, it has a higher priority than the smaller ones. When the line is formed on the daily chart, the trader should look for buying/selling opportunities on the smaller timeframes.