Custom Fractals: Configurable Swing Points and Breakout Signals

Summary

This document describes a customizable version of the standard fractal indicator. A fractal identifies a local high or low whose surrounding candles are less extreme. The custom version exposes controls for how many bars define a fractal, how far its arrow sits from price, which Wingdings symbol to use, and the arrow size. These options allow traders to distinguish and display multiple indicator instances more clearly.

The document presents a fractal break as a possible continuation signal: when price moves beyond the marked local high or low, it has exceeded a prior swing point. This is a qualitative interpretation, not a tested strategy. No entry timing, exit rules, stop placement, market context, or backtest evidence is provided, and the description does not address the delay involved in confirming a fractal from surrounding candles. Traders should treat the break as a charting concept that requires independent validation and risk controls.

Key ideas

• A fractal marks a local high or low surrounded by less extreme candles.
• The custom indicator lets users set the defining bar count and arrow appearance and placement.
• A break beyond a marked swing point may indicate continuation, according to the document.
• The document provides no tested entry, exit, or risk-management rules.

Tags

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