The Fractals Alert Indicator for MT4 & MT5 is a free MetaTrader indicator that helps traders identify potential market turning points by sending alerts whenever a fractal appears on the chart. The indicator supports notifications via email, mobile app, and on-screen alerts, allowing traders to react promptly to new trading opportunities.

This indicator works seamlessly on both MetaTrader 4 and MetaTrader 5 platforms and can be applied to any market or timeframe.

What Is the Fractals Indicator?
The Fractals indicator was developed by Bill Williams as part of his well-known trading system. It is designed to highlight potential reversal points by identifying price peaks and troughs on the chart.

A lower fractal appears below a candle when its low price is lower than the lows of the two preceding candles and the two following candles.

An upper fractal appears above a candle when its high price is higher than the highs of the two preceding candles and the two following candles.

These fractal formations help traders spot areas where price may reverse or pause, making them useful for both trend-following and reversal strategies.

Why Use the Fractals Alert Indicator?
MetaTrader already includes the standard Bill Williams Fractals indicator, but it does not provide any alert functionality. This means traders must constantly monitor the chart to catch new fractal signals.

The Fractals Alert Indicator solves this problem by automatically notifying traders when a new fractal appears. This is especially useful when fractals are used to identify potential trend reversals or key swing points.

With this indicator, traders can receive alerts via:

• Email
• Mobile app
• On-screen notifications

Additional Features
In addition to alerts, the Fractals Alert Indicator can also display customizable buy and sell arrows directly on the chart. These arrows replace the default MetaTrader fractal symbols and make signals easier to see and interpret.

Traders can customize the colors and appearance of these arrows to match their trading style and chart layout.

MT4 Fractals Alert Installation
To install the Fractals Alert Indicator on MetaTrader 4, follow these steps:

1. Download the indicator archive file.
2. Open MetaTrader 4 and go to File → Open Data Folder.
3. Open the MQL4 folder.
4. Copy all folders from the archive directly into the MQL4 folder.
5. Restart MetaTrader 4 or refresh the indicator list in the Navigator window.

MT5 Fractals Alert Installation
To install the Fractals Alert Indicator on MetaTrader 5, follow these steps:

1. Download the indicator archive file.
2. Open MetaTrader 5 and go to File → Open Data Folder.
3. Open the MQL5 folder.
4. Copy all folders from the archive directly into the MQL5 folder.
5. Restart MetaTrader 5 or refresh the indicator list in the Navigator window.

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