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Bill William fractal indicator is one of the premium indicators available to only expert status traders in the Olymp Trade. if you want to activate expert status you need to sign up using this link or make a deposit of at least $1000. I have already covered about the expert status in my previous article In case, you haven’t read it yet you can check it out using this link.
What is Bill Williams fractal indicator?
Bill Williams fractal indicator is a trend indicator based on a mathematical concept that describes a self-similar pattern that repeats at different scales. This indicator is a very powerful indicator and can be used to identify possible trends and reversals and the trend continuation in the price of an asset. The tool is based on the idea that markets tend to move in fractal patterns, and these patterns can be used to identify key levels of support and resistance in the price of an asset.
How to find and set Bill Williams fractal indicator on Olymp Trade?
How to find calls using Bill Williams fractal indicator on Olymp Trade?
Finding high-quality calls using Bill Williams fractal indicator is very easy. firstly, we need to remove the unnecessary signals. For that we need to change the period of the indicator to 20.
This will remove all the unnecessary fake signals and we can place high-quality trades. Now, talking about how you can place trades using the Bill Williams fractal indicator. Trading with Bill Williams fractal indicator is very easy. you just need to remember the rule of the indicator.
When you a see green triangle above the candle it signals an upcoming bearish trend. firstly, you need to mark a low of the candle and when the price intersects the low it is the best time to place a sell trade.
Similarly, when you see a red triangle below the price firstly, you need to mark a high above the candle and place a buy trade for 15 minutes as the price intersects the high.
The Bill Williams fractal indicator is a very powerful tool for traders looking to identify the key price levels and the potential trading opportunities on the Olymp trade platform. this indicator is based on the mathematical concept that describes a similar pattern and it repeats itself at different scales. you can easily use the indicator to find the possible trends and reversals.
In this article, I have covered everything about Bill Williams fractal indicator on the Olymp Trade and how you can use the same on the platform. I will highly suggest you try this trading indicator on the Olymp trade demo account and once you are confident enough you can shift to Olymp trade real account.