[scorpion]

I totally forgot to mention that Fractals work best on 30-minute chart for daytrader.

Fractal is totally different from other indicators for the fact that it is based on bars formulation. A fractal is a spotted chart pattern of support/resistance point. Other indicators such ADX, MACD and RSI compute its value from moving average. If you put 14-day period to them, the signal lags roughly 14 bars. Fractal on the other hand always lags 5 bars to spot a pattern.

If the fractal now is not red or blue, I either close my trade or wait. It's depend on your system. Says if your system has its own close rule, then no color should be interpreted as a "wait".