Williams Fractals — (MT4)

Williams Fractals mark swing highs/lows with clear up/down arrows based on a 5‑bar pattern (high‑centered for up fractal, low‑centered for down fractal). They help you locate structure, time breakouts, and set protective stops on MetaTrader 4.

What it shows

• Up fractal: highest high with two lower highs on each side.
• Down fractal: lowest low with two higher lows on each side.
• Structure map — recent swing points to trail stops or draw breakout levels.
• (Optional) MTF confirmation and alerts on new fractal or level break.

Trade ideas

1. Breakout: place a buy stop a tick above the last up fractal (sell stop below the last down fractal).
2. Alligator + Fractals: trade only in Alligator direction; trigger on fractal break with trend.
3. Stop placement: hide stops beyond opposite fractal; trail to the latest swing as price moves.
4. Range tactics: fade tests of prior fractals inside a range with confirmation.

Inputs that matter

• Fractal lookback (usually fixed 2‑2) and shift.
• Arrows/alerts on create/break.
• MTF (optional) for higher‑TF structure.

Suggested usage

• M5–M15: breakout triggers with a filter (trend/volatility).
• M30–H4: swing entries and stop management.
• Daily+: levels for swing planning.

Installation (MT4)

1. Open MetaTrader 4 → File → Open Data Folder.
2. Copy Fractals.ex4 to MQL4/Indicators.
3. Restart MT4 (or refresh Navigator) and attach Fractals.
4. Adjust inputs → OK.

FAQ

Does it repaint? Fractals confirm after two bars on the right; once confirmed they do not repaint.
Use in EAs? Yes, via iCustom.
Markets? FX, indices, metals, crypto — anything on MT4.

Disclaimer: Always test on a demo first; risk management matters.