
The Fractal Support Resistance Indicator is an MT4 support and resistance indicator tool based on using swing highs and swing lows as horizontal support and resistance levels. This indicator uses fractals based on higher time frames, and fractals when zoomed in on lower time frames can be valid swing highs and swing lows.
What is a Fractal Support Resistance Indicator?
The Fractal Support Resistance Indicator is an indicator that automatically identifies and plots support and resistance lines using fractals.
It plots the support and resistance lines horizontally according to the fractal. The various lines that are plotted have different characteristics. For one, the colors of the support and resistance lines can be different. Some of the lines are solid too, while others are dashed. These various characteristics indicate that support and resistance lines are based on various time frames. Read more about Technical Analysis for beginners below.


