Finding and Displaying Price Fractals Across Multiple Dimensions
Summary
This indicator identifies price-chart fractals at several dimensions and displays them at the same time. Its supported search range runs from 1-by-1 through 10-by-10, while minimum and maximum dimension inputs let users select which sizes to show. Upper and lower fractals can be assigned different colors, and a separate setting controls whether the current, unfinished bar is included in the search. Each plotted marker is labeled with its dimension.
The description explains the indicator’s display and configuration options and illustrates several dimension settings, including a combined range, but provides no performance results or trading rules. Fractals can help users inspect local price turning patterns at different scales; the note does not establish that these patterns predict future movement. Including the current bar may also make detected points change before that bar closes, so interpretation depends on the chosen setting and the indicator’s implementation.
Key ideas
- The indicator searches for price fractals across dimensions from 1-by-1 to 10-by-10.
- Users can restrict the displayed dimension range and choose separate colors for upper and lower fractals.
- A setting determines whether the current bar participates in the search.
- Markers are labeled with the dimension used to detect each fractal.
- The description provides no evidence that the detected patterns predict returns or improve trading results.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.