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Nested Fractals
Note: If you find bugs, have feature requests, or anything else, post in
THIS
thread.
Fractals are a common bar pattern, created in a consecutive 3-bar series, where the bar in the middle is higher than the two on either side. This creates a fractal high.
In this indicator, that is created by what I have labeled as "
Level 1
." (see properties section in image).
This indicator also creates
FRACTALS OF FRACTALS
. So that means, if a
Level 1
fractal exists, and has a LOWER
Level 1
fractal on both sides of it, it creates a
Level 2
fractal high.
This is done up to
Level 5
, and creates a series of swing points.
The indicator can display dots or numbers.
The parameter labeled "show triggers" shows an arrow with the corresponding color,
WHERE
on the chart the most recent fractal swing was actually confirmed. I.e., a
Level 1
fractal high is confirmed at the END of the third bar.
The marker offset simply raises the marker text higher or lower above the bar.
I dunno what use this has, but is one of the
experiments
I have laying around, so thought I'd post it?
NOTE: Installing this indicator will create a folder called "BTMM," that's where the indicator will be.
Category
NinjaTrader 8 Indicators and More
Details:
Nested Fractals
Category:
NinjaTrader 8 Indicators and More
November 24th, 2020
Size: 4.60 KB
Downloaded: 661 times
Keywords:
fractal
fractals
swing
zag
zig
2286
forrestang
Comments/ratings
tcwairoa
November 25th, 2020 03:22 AM
For an 'experiment' forrestang, you've done good. Many thanks.
pnguyen720
November 25th, 2020 12:38 PM
Isn't this just the Swing indicator included with NJT 8?
billaulakh
December 6th, 2020 02:00 PM
Thanks
Buscador
December 14th, 2020 12:24 PM
Many Thanks.
I'll test it since it is new for me and don't know how it'll work on Range bars.
shaisamuel
January 23rd, 2021 02:22 PM
Thanks, it looks great. I would love to test it using BloodHound, But for some reason BH doesn't see it, any idea why?
Thanks a lot for sharing.
romus
October 6th, 2021 01:11 AM
Thank you!
jstu
November 11th, 2021 08:21 PM
No Comment
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