I am not into trading, but try to learn new things and experiment regularly. Recently, I started working with fractals and trying to understand in-depth. At the same time, I am trying it out in combination with other indicators also.
The left side is fractals + PSAR - I am doing it to check the effectiveness of the trend.
The right side is fractals, while using EMA 50High (blue), EMA 50Low (green), EMA 15Close (black line). I am still in the process of linking fractals with these but how I used to work earlier is that:
As long as EMA15C was above EMA50H & EMA50L, with price line above EMA15C, it works well, meaning uptrend is intact and can be bought. When price starts cutting EMA15C on the downside, then it indicates a possible start of sell and, if the EMA 15C itself cuts the other two EMA lines, then it is in a definite downtrend.
I don't have sufficient understanding of technical analysis, so a beginner's understanding is shared here. :)
Rgds
Gvk.
