The idea is simple : when market turns around, it traps a bunch of traders off guard. We trade with them, in the same direction of their exit!
We let the market first create a fractal
We then let the market create an opposite fractal
We then let the market break the first fractal it created, thereby trapping lots of trades in the process
This long only strategy determines the price of the last fractal top and enters a trade when the price breaks above the last fractal top. The strategy also calculates the average price of the last fractal tops to get the trend direction. The strategy exits the long trade, when the average of the fractal tops is falling (when the trend is lower highs as measured by...
Requested Update to this Indicator alert project. In this update I have added the option to be able select which Price Action candles you want included in the display and the generated alarm Alert. Other changes also included in this update:
Also added a Price Action candle for "Last Fractal S/R Break", this also a good continuation indication.
EXPERIMENTAL: reads the rates for the last top/bottom in a zigzag fractal series, outputs XAB, XAD, ABC, and BCD rates, im interested in earing what your opinion is as im a total noob in harmonics :p.
use with Fractals V5 for visual confirmation ;).
Ignore the other one (it contains some errors).
On this FRAMA you can play with length, SC and FC.
Just read on below links to understand more about this super useful moving average:
This is an updated version of my previous Kay_SRLevels - Support and Resistance (Barry) indicator.
If this indicator have helped you in your trading or you plan to use the code in one of your script,
please donate to following with a message to specify the money as Donation.
SKRILL : email@example.com
Donated money will go to Plan Canada (Save a Girl)...
LazyBear's WaveTrend port has been praised for highlighting trend reversals with precision and punctuality (minimal lag). But strong "3rd Wave" trends can "embed" or saturate any oscillator flashing several premature crosses while stuck overbought/oversold. This happens when the trend stretches over a longer timescale than the oscillator's averaging window or...
Looking for something other than a moving average to help determine not only a trend's strength, but also it's direction? Try PFE!
PFE was developed by Hans Hannula that was invented to determine price efficiency over a user-defined time period.
The Polarized Fractal Efficiency indicator is, in the essence, an exponentially smoothed ratio of the length of two...
EVWMA ACCUMULATION/DISTRIBUTION PRESSURE & FRACTAL BANDS
Version: 3.0 @ 4.11.2015
By Ricardo M Arjona @XeL_Arjona
The following indicator IS NOT INTENDED TO BE A FORMAL INVESTMENT ADVICE OR TRADING RECOMMENDATION BY THE AUTHOR, nor should be construed as such. Users will be fully responsible by their use regarding any kind of trading...
ACCUMULATION / DISTRIBUTION CLOUD with MORPHIC DEVIATION BANDS
by Ricardo M. Arjona @XeL_Arjona
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading...
This script adds a Bill Williams Alligator to your charts and the three wisemen:
1. Wiseman 1 - Bullish or bearish divergent bars shown with a circle (be sure to check angulation manually).
2. Wiseman 2 - Super AO - with a square.
3 Wiseman 3 - Fractal with a triangle.
Be sure to wait until the current bar is closed before using these signals.
ACCUMULATION/DISTRIBUTION ADAPTIVE MOVING AVERAGE with FRACTAL DEVIATION BANDS
Ver. 2.5 @ 16.09.2015
By Ricardo M Arjona @XeL_Arjona
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the
author, nor should be construed as such. Users will be fully responsible by their use regarding their own...