Indicators: WASD_FR

 

WASD_FR:

Fractals are generated using 3 previous bars (without redrawing because the current bar is not included in the calculation).

Fig. 1. The WASD_FR indicator

Author: Nikolay Kositsin

 
Automated-Trading:

WASD_FR:

Author: Nikolay Kositsin

This indicator has nothing to do with fractals!!!!

The technical definition of an up fractal is a series of at least five consecutive bars with two bars with lower highs in front of and behind the highest high.

A down fractal is exactly the opposite.

There is nothing like that in your variant.

 
MVS:

This indicator has nothing to do with fractals!!!

The technical definition of an up fractal is a series of at least five consecutive bars with two bars of lower highs in front of and behind the highest high.

A down fractal is exactly the opposite.

There is nothing like that in your variant.

Vitaly, they are built by 3, 5, 7 bars, etc.
 
alsu:
Vitaly, they are built for 3, 5, 7 bars, etc too.

What nonsense!

I wrote a technical definition of a fractal, exactly a fractal, not triangles on top/bottom of the bar. It is like the concept of ruble: it consists of 100 kopecks and cannot consist of 101 or 99 kopecks.