How to use the Bill Williams Fractals indicator in Fixed Time Trading on Olymp Trade Platform?

 


Fractals are a very useful tool for Forex and fixed time traders. In this blog post, we will show you how to use the Bill Williams fractals indicator in your trading.


The Bill Williams fractals indicator is a useful tool for Forex and fixed time traders. This indicator is based on the concept of fractals, which are mathematical objects that have the property of self-similarity. Fractals are useful because they can be used to identify support and resistance levels in markets. The Bill Williams fractals indicator displays these support and resistance levels on your chart as lines. These lines can be used to help you make trading decisions.

 

To use the Bill Williams fractals indicator, first you need to click on the "Tools" menu and then select "Indicators". Next, select "Bill Williams" from the list of indicators. After that, you will need to choose the time frame that you want to trade on. We recommend using a longer time frame for this indicator because it will give you a better idea of where the market is heading.

 

Once you have selected the time frame, you will need to choose the "Fractal Period" setting. This setting determines how many candles are used to calculate each fractal. We recommend using a value of 5 for this setting.

 

After that, you will need to click on the "Apply" button. Once you have done that, you will see the fractals appear on your chart as lines. These lines indicate where the support and resistance levels are located.

 

You can use these levels to help you make trading decisions. If you see a fractal line forming at a support or resistance level, you can enter a trade in that direction with the expectation that the market will continue in that direction.

Conclusion:

The Bill Williams fractals indicator is a useful tool for Forex and fixed time traders. This indicator is based on the concept of fractals, which are mathematical objects that have the property of self-similarity. Fractals are useful because they can be used to identify support and resistance levels in markets. The Bill Williams fractals indicator displays these support and resistance levels on your chart as lines. These lines can be used to help you make trading decisions.


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