ClearPath Trader

Fractal Indicator

Bill Williams fractals mark local five-bar highs/lows. Often used as breakout triggers or stop references.

Category: Technical · Complexity: ★★★☆☆ (3/5)

Tags: technical, study-card, price

Study card — educational illustration only (no live overlay in Charts).

Fractal Indicator chart illustration

Formula

Fractal Indicator is computed from price, volume, breadth, or macro prints depending on class (Technical). See the description for the defining inputs.

How to read

Read Fractal Indicator as a labeling tool: it describes a condition (trend, stretch, participation, or macro). Confirm with price structure, not the indicator alone. This entry is a study card — not every encyclopedia model has a live chart overlay.

Limitations

Fractal Indicator can lag, repaint (some drawings), or stay extreme in trends. It is not financial advice and not a broker signal.

Typical settings

Use the author's original defaults first; change one parameter at a time.

Fractal Indicator is part of the ClearPath Encyclopedia of Indicators — 190 models explained with standard SVG illustrations, so you can study an indicator before you put it on a live chart.

Browse the full indicator directory →