brobear

Fractal Framer

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This indicator constructs dynamic high/low price range levels, based on 3 point fractals. Trend lines are drawn ( zigzag style) at fractal points when trend direction is clearly established.

This is a lagging indicator: fractals lag by one bar and trend lines can lag by many bars. However, its strength lays in objectively defining historic price action: e.g. support/resistance levels and waves within a trend.

See the comments at the beginning of the script for a complete description.
Catatan Rilis: Default behavior is the same...

Minor enhancement: Added smarts for plotting zigzag lines at dual fractal bars. Instead of always bisecting the bar, highs or lows are used depending on the trend direction.
Catatan Rilis: Enhancements:
  • Add alert conditions for price crossing outer or inner range levels.
  • Add user selection for 3 or 5 point fractals... and variations.
  • Add user selection for "Trend Direction Method": alternating or consecutive fractal types.
  • Better smarts for handling dual fractal bars.
Skrip open-source

Sejalan dengan semangat TradingView, penulis skrip ini telah mempublikasikannya secara open-source, sehingga para trader dapat memahami dan memverifikasinya. Salut untuk sang penulis! Anda dapat menggunakannya secara gratis, tetapi penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk dapat menggunakannya didalam sebuah chart.

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