Fractal Indicator

Financial markets as well as the economy of any country in general are not static. It experiences periods of growth and decline, which together make up economic cycles. Such fluctuations influence the global trends of various financial instruments. However, periods of growth and decline do not last the same length, so to determine the current stage of the cycle or the forthcoming trend of its change, it is necessary to be able to use various economic indicators.

The fractal indicator was created by the famous trader Bill Williams. It can be used in isolation or together with other indicators. He is considered one of the progenitors of modern trading psychology. Back in the 1980s, he put forward the Chaos Theory, which offered a methodological understanding of market structures. He combined trading psychology with applied technical analysis and developed a trading system that was ahead of its time.