Configurable Left and Right Bars for Fractal Turning Points

Summary

This document describes a modified fractal indicator that lets users choose how many bars to examine on the left and right of a potential high or low. A candidate turning point is identified using those neighboring bars, so the parameters control how much surrounding price action is required before a top or bottom is recognized. The example uses ten bars on each side and compares display settings with shifts of zero and ten.

The text distinguishes plotting a level for convenient visualization from identifying when the turning point is actually established. It recommends treating the point as created only after the larger of the left- and right-bar counts has elapsed. This highlights an important timing limitation: confirmation requires later bars, so the displayed historical point may not have been actionable when it first appeared. The document gives parameter examples but no chart evidence, formula details, trading rules, or performance testing; it does not establish that fractal signals are profitable.

Key ideas

• The modified fractal indicator makes the number of neighboring bars configurable.
• Left and right bar counts determine the evidence required to mark a local high or low.
• The shift parameter changes how the resulting levels are displayed.
• A turning point is confirmed only after enough bars have elapsed, creating a delay.

Tags

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