A 2×2 Fractal Indicator with Strictly Rising or Falling Bars
Summary
The document describes a swing high and low indicator based on 2×2 fractals. It distinguishes the indicator from a standard fractal by requiring each successive bar in the formation to be higher for a high or lower for a low. This stricter sequence defines the swing pattern the indicator marks.
A single setting controls where labels appear and which price is used: labels can be placed on a chosen drawing bar using the signal bar’s open, or on the fractal bar using its high or low. Two figure captions identify those display modes. The document does not provide trading rules, performance evidence, or guidance on interpreting signals, so it explains indicator construction and display options rather than validating a strategy. Traders would need to assess the indicator independently before using it to make decisions.
Key ideas
- The indicator identifies swing points with a 2×2 fractal pattern.
- Successive bars in the pattern must rise for a high or fall for a low.
- A configurable drawing choice determines where labels appear and which price anchors them.
- The document gives no performance evidence or complete trading rules.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.