Fractal Detection with Configurable Candle Counts and Spacing
Summary
This document describes an extended fractal indicator that lets users set how many candles to examine on each side of a potential turning point. It also includes a minimum-distance input for distinguishing the extreme point from adjacent peaks. Separate label settings control how upward and downward fractals are marked.
The parameters allow the detection pattern and display markers to be adjusted, but the description does not specify the full detection algorithm or explain precisely how the minimum-distance condition is applied. It offers no trading rules, chart examples beyond a figure reference, backtest results, or evidence about signal quality. Fractals generally require observing candles around an extreme, so the selected right-side count affects how much subsequent price data is needed before a point can be identified. The document is best read as a description of configurable indicator inputs, not as a tested trading strategy.
Key ideas
- The indicator identifies fractal points using configurable candle counts on both sides.
- A minimum-distance input is available to filter the extreme relative to nearby peaks.
- Separate settings define the labels used for upward and downward fractals.
- The description does not provide the full algorithm or test results.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.