Fractal SR Clusters

Fractal Support/Resistance Clusters is an indicator that draws support and resistance lines based on fractals whose sources have not yet been broken and are therefore still relevant. A fractal is relevant as an indicator of support or resistance when the price of its previous opposing fractal has not been broken.

Clusters of support and resistance zones are derived using the density-based spatial clustering of applications with noise (DBSCAN) algorithm and can be drawn on the screen. These clusters use the standard deviation of the price as bounds. For more information concerning the algorithm itself, see the Wikipedia page: http://en.wikipedia.org/wiki/DBSCAN

If desired, alerts may be enabled to notify the user of a bullish or bearish breakout when it occurs. A breakout is defined as an instance in which the closing price of the previous bar is outside of a cluster while the closing price of the bar prior to that is within a cluster. Breakouts can be defined by either an arbitrary point break or relative to the standard deviation of the price based on the cluster settings.

For general purposes, the default settings should suffice.


Parameters

Main Indicator Settings:

  • LookBack - the number of bars to look back to find relevant fractals
  • SupportColor - the color of the support lines
  • ResistanceColor - the color of the resistance lines
  • SRLineWidth - the width of the support and resistance lines
  • ShowPrice - if true, displays the price on the right side of the window

Cluster Settings:

  • ShowClusters - whether clusters should be calculated at all
  • StdDevPeriod - the period used to derive the standard deviation of the price
  • StdDevSigma - the amount, by which the standard deviation should be multiplied
  • DrawBoundsByStdDev - if true, then boundaries for cluster regions are drawn based on the distance, by which a cluster region searches for more members; this is recommended for greater timeframes
  • PointDistance - the distance in points that should be used to draw bounds for cluster regions; this is used if the previous parameter is set to false and is recommended for lower timeframes
  • ClusterColor - the color of the cluster boundary lines
  • ClusterLineWidth - the width of the cluster region lines

Alert Settings:

  • AlertOnBreakout - notify the user when there is a cluster breakout
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Technical indicator that structures charts and identifies cyclical price movements. Can work on any charts. Several types of alerts. There are additional arrows on the chart itself. Without redrawing on history, works on closing a candle. Recommended TF from M5 and higher. Easy to use and configure parameters. When using 2 indicators with different parameters, you can use without other indicators. Has 2 input parameters Cyclicality and Signal duration These 2 parameters work with the processin
KuKl
IGOR KIRIANEN
Indicators
The indicator is built on a non-standard Zig Zag, it draws accumulations after which if the price leaves this zone and a test of this zone occurs, then a sound signal is given and an arrow appears - after the test candle closes.The indicator does not redraw its signals, it is very easy to use, there are only three settings 1- this is the zig zag parameter 2- this is the minimum price exit from the zone 3- this is the maximum price exit from the zone. The lower the parameter for Zig Zag, the more
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News Momentum
Daniel Shea
Indicators
NewsMomentum is an indicator that monitors the market between the specified hours and sends an alert to potentially buy or sell when the momentum of the market increases such that there may be a reaction to the news for the observed currency pair. As always, it is best to confirm these movements with other factors such as support and resistance breaks. This indicator works on any timeframe but it is recommended to be used on a smaller timeframe, such as M5, due to the speed at which the news inf
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