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Indicator | Fmcbr
Identifying local highs and lows (turning points).
At its core, the FMCBR is a technical analysis framework that combines three pillars of market geometry:
Price bounces back up to touch the old fractal low (now acting as resistance). Entry: Enter on a bearish rejection at the retest line. Stop Loss: Placed just above the retest zone. Why Traders Prefer FMCBR Over Standard Indicators fmcbr indicator
A simple wick above a level isn't enough. The FMCBR requires a "Multi-Candle" confirmation. This usually means a strong impulsive move where the price closes decisively beyond the fractal level. This phase filters out "fakeouts" or "bull traps" where the price lacks the volume to sustain a move. 3. The Retest (The "Golden" Entry)
It removes the guesswork of "where do I draw my lines?" by automating the fractal identification. Identifying local highs and lows (turning points)
Always look for price rejection at the retest. If the price crashes right through the level without slowing down, the setup is invalidated. The Bottom Line
The is a sophisticated way to trade the oldest rule in the book: Buy the dip in an uptrend, and sell the rally in a downtrend. By automating the identification of fractal levels and requiring a retest confirmation, it provides a disciplined roadmap for traders looking to exit the world of "guessing" and enter the world of "probability." Stop Loss: Placed just above the retest zone
Price closes above the fractal high with strong green candles.