Forex Code

Enhanced Forex Trading with Modified Fractal Indicator

5 min read

The Modified Fractal Indicator is a technical analysis tool used to identify the reversal points in a market. It is based on a price pattern which consists of two or more successive highs and lows, forming a discontinuous shape that looks like a “V” pattern or an inverted “V” when plotted across a chart. This indicator is helpful for traders as it can help identify potential entry and exit points when trading the Forex market. The Modified Fractal Indicator includes several features which make it a valuable tool for Forex traders, such as allowing traders to identify the local highs and lows in a potential trend, setting price targets, and determining the momentum of price action. Additionally, the Modified Fractal Indicator can be used to determine when a trend is likely to reverse and when trading opportunities may be present.