Configurable Fractal Detection Across Multiple Bar Windows

Summary

This indicator identifies price fractals using configurable numbers of bars before and after a central point. Users can set separate search sizes for upper and lower fractals, allowing the detection window to be adjusted to the pattern being sought. Later versions also distinguish accurate and inaccurate fractal search methods.

The description explains the available settings and names the two search modes, but supplies no performance tests, trading rules, or evidence that one method is more reliable. Fractal identification depends on the chosen bar windows and search mode, so the indicator describes potential turning-point patterns rather than confirming future price direction. It should be treated as a technical analysis tool whose signals require interpretation and evaluation in the intended market and timeframe.

Key ideas

• The indicator searches for fractals using configurable bars on both sides of a central point.
• Upper and lower fractals can use separately chosen search sizes.
• Accurate and inaccurate search modes provide alternative fractal definitions.
• The description provides no performance evidence or standalone trading rules.

Tags

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