MTF Fractal Channel Indicator

[Stevie]

Hi Guys,

 

Does anyone have a good mtf fractal channel indicator that they could share?

 

Regards

Steve

[Hagar1713006266]

try the "request" section

[maddman]

I'd like to try it if someone posts it.... sounds interesting?

[elvee4eva]

Hi,

 

I was searching for an MTF Fractal Channel Indicator on google and came across these amazing inicators,

 

MTF Price Action Indicator (for RadarScreen)

 

MTF Price Action Gapless Indicator (for Charts)

 

MTF Fractal Channel Indicator

 

See Pictures

http://www.mirrorcreator.com/files/OHRHRNMD/Indicator_Pictures.rar_links

or

http://mir.cr/OHRHRNMD

 

See Videos Here

 

http://www.customizedtrading.com/ooel/mtf-fractal-channel

http://www.customizedtrading.com/Trading_Systems/High_Probability_MTF_Trend_Trading_System

http://www.customizedtrading.com/Trading_Systems/High_Probability_MTF_Consolidation_Trading_System

http://www.customizedtrading.com/Trading_Systems/High_Probability_Scalper

http://www.customizedtrading.com/TradeStation_Add_Ons/Computer_Assisted_Trading_Strategy

http://www.customizedtrading.com/trading-systems/trend-rider-strategy

 

 

The problem is that they are for Trade Station.

 

It will be excellent if someone could create an MT4 version of these super indicators for us.

 

Thanks

 

Elvis.....

 

# See Below is some Info from their website

 

 

The real secret "edge" in trading is made up of three things:

 

(1) Price Action or Market Flow (multiple time frame price action/ market flow is even better)

(2) Time Segmented Volume

(3) Support and Resistance (multiple time frame support and resistance is even better)

 

Price Action is the prime important fact and Volume is second to price action. Price and Volume combined create Support and Resistance on every trading chart. These

 

three all important aspects of trading, Price Action, Time Segmented Volume Action, and Support and Resistance are the real trading "edge".

 

For #1 which is Price Action (Market Flow), I use the MTF Price Action Gapless Indicator to show "real time" Price Action on 8 time frames at once.

 

For #2 which is Volume Action, I use the Time Segmented Volume Normalized to see behind the "Wizard of Oz's Trading Curtain" to understand real trading volume action.

 

For #3 which is Support and Resistance, I use the Fractal Channel Indicator and MTF Fractal Channel Indicator.

 

The MTF Price Action Gapless Indicator

 

Imagine the trading "edge" of knowing the Price Action from eight different time frames in one very visually effective MTF Price Action Indicator. This is exactly what

 

this Indicator shows.

 

This indicator allows a Trader to use a short time frame trading chart, like Tick, 1 min or 5 min trading charts, to reduce the entry stop loss risk and yet

 

effectively trade the Price Action based on multiple higher time frames all the way up to the Daily time frame. This is a very powerful way to reduce your Stop Loss

 

Risk amounts while getting bigger profits from understanding all the higher time frame Price Action. This is much more effective than constantly flipping between

 

multiple different time frame charts while you are trading.

 

The Fractal Channel Indicator displays this "real time" identification of Price Action and Volume Action that traders call Support & Resistance.

 

 

Many traders operate under the delusion that a multiple line moving average ribbon is a multiple time frame indicator, but it really is a single time frame indicator

 

using multiple different lookback (LAG) settings. A multiple line moving average ribbon tells you absolutely nothing about any other time frame. They are just multiple

 

lag indicators.

 

Correlating multiple time frames will stack the odds in your favor regardless of the trading style you use. This MTF Fractals Indicator makes using multiple time

 

frames (MTF's) of Support & Resistance so visually simple that you will want to add MTF analysis to all of your trading. MTF analysis will provide you the "edge" you

 

are looking for no matter what your trading style is.

 

Traders commonly use lots of "potential" Support and Resistance indicators such as floor trader pivots, moving average lines, etc. All these indicators show

 

"potential" support and resistance areas, but only Price Action and Volume Action will show if these "potential" lines prove to be support or resistance. Whereas the

 

Fractal Channel Indicator shows actual real time support and resistance without all the "maybe" nonsense.

 

Trading tends to involve an overwhelming amount of information. Why confuse the process by using "MAYBE" support and resistance indicators like floor trader pivots,

 

moving averages, etc. Simplify your trading by only dealing with the "real time" Fractal Channel support and resistance indicator.

Edited May 27, 2012 by elvee4eva

[PSmith41]

Google:

 

Fractal_Level_Xrust

 

Cheers,

Paul.

[Fx_Hero]

Thanks for sharing!