The technical indicator MT4 3 Bar Fractal Wasd fr1 follows the logic of the Fractals indicator and mark the hollows and prices during peaks.
The stock indicator 3 Bar Fractal Wasd fr1 is calculated on the last three price bars closed, the current price bar is not involved in the calculation
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Interpretation Rules - Signals From Trading
* buy signal: Forecasts trend bullish
. Formation of a fractal Fractal 3 Bar Wasd low fr1, placed below the price action: a hollow is identified
. The price breaks upward fractal Fractal 3 Bar Wasd high fr1, level of resistance that marks a higher price classes
* Selling signal: bearish trend forecast
. Formation of a fractal Fractal 3 Bar Wasd high fr1, placed above the price action: a peak or peak is identified
. The price breaks down fractal Fractal 3 Bar Wasd low fr1, support level that marks a lower price classes.
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