How to use the Polarized Fractal Efficiency (PFE) indicator đ
The Polarized Fractal Efficiency (PFE) indicator uses fractal geometry to check the efficiency of price movements, helping traders identify trends and potential reversals.
đ A PFE value above zero indicates efficient upward movement, suggesting a potential bullish price action.
đ A PFE value below zero indicates efficient downward movement, hinting at a potential bearish trend.
đ When looking for a good trade, look for divergences between PFE and the price. If the price is making new highs and the PFE is not, it may signal weakening momentum and a potential reversal, and vice versa.
âïž Use PFE with other indicators to confirm trends. Higher absolute PFE values suggest stronger trends, while lower values indicate weaker trends or sideways movements.
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