Discussing the article: "Parafrac Oscillator: Combination of Parabolic and Fractal Indicator"
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New article Parafrac oscillator: Combination of parabolic and fractal indicator:
Author: Daniel Opoku
Hello,
Looks cleanly programmed but unfortunately I don't see the added value.
The indicator shows exactly the same as if I would only use a stand-alone parabolic SAR. Unfortunately I can't see any difference in effect due to the influence of the Fractal indicator ?
Can you show me an example ?
Chris
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Check out the new article: Parafrac Oscillator: Combination of Parabolic and Fractal Indicator.
We will explore how the Parabolic SAR and the Fractal indicator can be combined to create a new oscillator-based indicator. By integrating the unique strengths of both tools, traders can aim at developing a more refined and effective trading strategy.
Technical indicators serve as indispensable tools for market participants, transforming complex mathematical formulae into clear graphical representations. This visual format facilitates efficient market analysis, strategic planning, and the development of entry methodologies. Crucially, these automated tools liberate traders from the burdensome task of manual recalculation whenever new market data emerges, ensuring analysis remains current and responsive.
The spectrum of indicators addresses diverse analytical needs. Certain indicators excel at identifying prevailing market trends, delineating consolidation zones, or quantifying market volatility. Others are specifically engineered to measure trading volume dynamics. Collectively, these instruments empower traders to base their decisions on structured, quantifiable insights rather than intuition alone.
Towards a Novel Oscillator: Combining Parabolic SAR and Fractals
This article proposes a strategic synthesis, focusing on the fusion of the Parabolic SAR and the Fractal indicator. Our objective is to leverage the distinct strengths of both – the Parabolic SAR's trend direction and potential reversal points, alongside the Fractal's identification of significant price extremes – to engineer a new oscillator indicator. This novel tool will subsequently serve as the foundation for developing a refined trading strategy, aiming to capitalize on the synergistic potential of these established analytical components.
Author: Daniel Opoku