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Multi-Dimensional Fractals & Fractal Channel

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Igor Durkin
5620
Igor Durkin  

Multi-Dimensional Fractals (up to 4 Dimension) give us market structure with different kinds of supports and resistances.

Just some words about market structure from Larry Williams "LONG-TERM SECRETS TO SHORT-TERM TRADING":

"Why This Is Important

Once you have this basic understanding of market structure you can identify, very early on, these

market turns. You will always know that a short-term low has been made when you rally above the high of

a day with a lower low than the prior day. By the very nature of this penetration, we know the short-term

down swing has terminated. By the same token, whenever price declines below the low of a day with a

higher high than the prior day, a short-term high has been formed. This means we can know, during the

trading session, when these points are established.

As short-term traders, we also can tell when intermediate-term highs and lows are made. How?

Simple, if the formation of a short-term high will confirm an intermediate-term high, which in turn

confirms a long-term high, we can get in at some optimal turning points.

It is really all about nesting swings together, fitting the pieces of the puzzle into their proper place,

to give us an understanding of the structure of market activity. The beauty is you can now identify, at

all times and for all markets, whether the trend (based on price structure) is up or down and pick your

points to get in and out.

For years, I made a pretty good living using just the formation of these points as buy and sell

entries. These points are the only valid support and resistance levels I have ever found. They are highly

significant and the violation of these price points provides important information of trend and trend

change. Thus I can use them for my stop-loss protection and entry techniques."


Files:
Igor Durkin
5620
Igor Durkin  

For more precise undestanding of market structure I've developed Multi-Dimensional Fractal Channel.

I think that some of you could find good techiques for breakouts of these channels. Also middle lines could be good targets for swing traders.


Files:
mcmalach
121
mcmalach  
igorad:
Multi-Dimensional Fractals (up to 4 Dimension) give us market structure with different kinds of supports and resistances.

Just some words about market structure from Larry Williams "LONG-TERM SECRETS TO SHORT-TERM TRADING":

"Why This Is Important

Once you have this basic understanding of market structure you can identify, very early on, these

market turns. You will always know that a short-term low has been made when you rally above the high of

a day with a lower low than the prior day. By the very nature of this penetration, we know the short-term

down swing has terminated. By the same token, whenever price declines below the low of a day with a

higher high than the prior day, a short-term high has been formed. This means we can know, during the

trading session, when these points are established.

As short-term traders, we also can tell when intermediate-term highs and lows are made. How?

Simple, if the formation of a short-term high will confirm an intermediate-term high, which in turn

confirms a long-term high, we can get in at some optimal turning points.

It is really all about nesting swings together, fitting the pieces of the puzzle into their proper place,

to give us an understanding of the structure of market activity. The beauty is you can now identify, at

all times and for all markets, whether the trend (based on price structure) is up or down and pick your

points to get in and out.

For years, I made a pretty good living using just the formation of these points as buy and sell

entries. These points are the only valid support and resistance levels I have ever found. They are highly

significant and the violation of these price points provides important information of trend and trend

change. Thus I can use them for my stop-loss protection and entry techniques."

i must say you come up with some of the greatest indicators i have seen in my entire time learning and researching forex this also looks like something i could use so i will test it and post some results of anything that i come up with for you

kokleongch
51
kokleongch  

Hi Igorat,

TQ for the indicator. I have few questions.

1. Does the circles repaint ?

2. How much time lag before the circles appeared ? I traded on 1H and i think it took 2-3 bars after before the circles appeared.

Thanks

KL

Mungo2
6
Mungo2  

EURUSD Daily

I witnessed the impressive reaction of the Euro today, following higher high and then a low lower than the preceding bar; short term high had formed????

The market/traders were in no-doubt as to the direction.

Oliver Knefel
289
Oliver Knefel  

Multi-Dimensional Fractals (up to 4 Dimension) give us market structure with different kinds of supports and resistances.

Thank you for this nice indicator

Are the circles plotted just when the candle is ready or later for past candles?

Sorry, i understand it now

biddick
339
biddick  

.............

MrM
271
MrM  

You will always know that a short-term low has been made when you rally above the high of a day with a lower low than the prior day. By the very nature of this penetration, we know the short-term down swing has terminated. By the same token, whenever price declines below the low of a day with a higher high than the prior day, a short-term high has been formed.

How about you make an indicator that simply shows this pattern on the chart:

rally above the high of a day with a lower low than the prior day: blue circle

decline below the low of a day with a higher high than the prior day: red circle

Sergey Golubev
Moderator
100927
Sergey Golubev  

Fractal Dimension Index


Forum threads

  • Fractal dimesion index - jppoton indicator is on this post. Although this jppoton's version is using Alex Matulich calculation as the closest to original, this version (jppoton's version) deviates from original Sevcik and Matulich version and ultimately from Hurst exponent (FDI = 2- Hurst), and it made his version to be faster than FGDI. So, the story of Fractal dimension index is a rather old one and it seems that it will never end.
  • Fractal dimesion index pa - jppoton indicator and Fractal dimesion index alb - jppoton indicator are on this post. Here is the adaptive look back version and also the phase accumulation version of Fractal dimesion index pa - jppoton indicator. Just to remind: the adaptive Lookback (period finder) is truly a market-driven indicator used to determine the variable lookback period for many different indicators, instead of a traditional, fixed figure; and phase accumulation idea is to find how many bars does it take to add up every bars phases and to reach certain cycle.

The articles

CodeBase

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