Setting up fractals in MetaTrader 4
This guide shows you how to set up fractalsin MetaTrader 4.
After reading this guide, you will be able to:
- Add fractals and set the parameters of this indicator
- Change the parameters
- Remove fractals
This guide assumes that you have opened a chart.
Adding the indicator and setting the parameters
After you have opened the chart:
- Click Insert and move your mouse over Indicators.
- Move your mouse over Bill Williams and click Fractals.
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/a9b093e85cb44e02911ac6e1f3c0284a.png)
Setting the common parameters
After you complete the step above, the settings menu appears.
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/9660e0b8c9cb464f85bd8ca4b3b779ad.png)
Most indicators can be controlled by several parameters.
There are two types of parameters:
- Calculations of the indicator: e.g. the amount of periods used for the indicator (you do not need to worry too much about this in the beginning)
- Visuals of an indicator: e.g. how it will look, the colour and thickness of the lines etc.
Defining the common parameters in the menu box
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/e508e2d9fc4d43d6a46d084c19c4bc3c.png)
Changing parameters at a later time
To change the settings of the indicator at a later date:
- Right-click a Fractal (you will have to be exactly on the line on the indicator to get the menu seen below).
- Choose Fractals Properties.
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/08fcf0c2b7304437aaf16089eb5f2242.png)
The parameter menu appears again. Here you can change the indicator.
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/f65d2d8aedaf4659b4334f7136a60717.png)
Deleting the fractals
When you want to delete one of your indicators, there are two methods to do so:
- Right-click the indicator that you want to delete (you will have to be exact on the line on the indicator to get the menu seen below).
- Click Delete Indicator.
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/c856173b933a484bb67b76cedd591d0f.png)
The fractals disappear from your chart.
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/505a7466d6ab4143be0e2cc8583c53b8.png)