A Fractal Indicator Calculated from Closing Prices

Summary

This indicator calculates fractals using closing prices alone, in contrast with the standard fractal indicator shown for comparison. The accompanying visual convention distinguishes the two outputs with different icon colors: standard fractals appear gray, while the close-price version appears green. The document notes that this indicator was also used in building an associated expert advisor.

The description does not explain the precise fractal formula, parameter choices, signal timing, or how the indicator is used by the advisor. It provides no chart evidence beyond the stated visual comparison and makes no claim about profitability or predictive performance. Traders can take away the distinction in input data, but would need further documentation and testing to assess how close-based fractals behave across instruments and timeframes.

Key ideas

• The indicator derives fractals from closing prices rather than the inputs used by standard fractals.
• The visual comparison uses gray markers for standard fractals and green markers for the close-price version.
• The indicator served as a component in an associated expert advisor.
• The description omits the calculation formula and provides no performance evaluation.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.