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Forex Indicator “ExTrendV2”

The indicator represents a new version of the xTrend indicator that is known for drawing fractal channels. The new version of this indicator does not operate on the integrated iFractals indicator. Instead, it works according to its own analysis, which is much closer to the original definition of Bill Williams’ fractals. In this regard, when trading with this indicator the number of “pure” fractals has significantly decreased. However, the signals of sinking fractal lines have become more significant.

In addition, this indicator gives signals when there is a moment to buy or sell according to the specific model of fractal lines penetration.

On the twenty sixth of December, 2006, this indicator was published in the Code Base and set in motion in MQL4.

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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