Fractal Channel
The Fractal Channel Indicator is a useful and popular free Forex indicator for the MT4 trading platform. It is a technical analysis tool used to identify and track price trends in the Forex market. The indicator works by plotting two parallel lines that form a channel, which follows the price action of a currency pair.
Envelope indicators, also known as Channel Indicators, create an envelope around price movements, indicating the upper and lower boundaries within which prices are expected to move. They help traders identify potential trend reversals and support/resistance levels.
