How to do Fractal Cycle Analysis with Fractal Pattern Scanner
Fractal Pattern Scanner provides up to four Fractal Cycle analysis using Fractal Decomposition technique. In default setting, Fractal Pattern Scanner is set to do two Fractal Cycle analysis. The default setting will provide the Fractal Cycle analysis for Cycle 0 and Cycle 1.
When you set Fractal Decomposition Dimension = 4, you can access four cycles including Cycle 0, Cycle 1, Cycle 2 and Cycle 3.
Cycle 0 is smallest cycle and Cycle 3 is the biggest cycle. Cycle 0 and Cycle 1 are useful for day trading. Cycle 2 and Cycle 3 can be used to analyze any big movement in the financial market.
For your information, when you set Fractal Decomposition Dimension = 4, multiple timeframe pattern detection panel is not available because Mutltiple timeframe pattern detection panel is only available with two Fractal Cycle analysis (Fractal Decomposition Dimension = 2).
Occasionally, you will get only three Fractal Cycles in the output. It is because the algorithm will get rid of any insignificant cycle from the analysis. Do not get surprise even if you get the three cycles only even if you have set Fractal Decomposition Dimension = 4.
Here are the landing page to Fractal Pattern Scanner for MetaTrader 4 and MetaTrader 5 platform.