Finding Fractals in Moving Average Lines
Summary
This indicator searches for upper and lower fractals on moving average lines rather than directly on price. It uses two moving averages, with separate applied-price settings for locating upper and lower formations. The configurable inputs are the moving-average period and calculation method, the applied prices, and the bar range used to identify a fractal.
The description gives no trading rules, performance evidence, or guidance for interpreting detected formations. It specifies only that the search range must cover at least three bars. The indicator is therefore a technical-analysis tool whose usefulness depends on how a trader defines signals and tests them in a broader strategy.
Key ideas
- The indicator searches for fractal formations on moving average lines.
- It uses separate moving averages to find upper and lower fractals.
- Users can configure the period, calculation method, and applied prices.
- The search range must include at least three bars.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.