Fractal Trend Filters in a Multilayer Awesome Oscillator Strategy
Summary
The excerpt presents a Pine Script strategy framework that combines Awesome Oscillator saucer signals with a trend state derived from price fractals and a smoothed moving average. It identifies pivot highs and lows using two bars on either side, retains the latest fractal levels, and compares those levels with a shifted Alligator teeth line. Crosses of activated fractal levels change the trend state. The script also exposes a moving-average length and a date window, and specifies pyramiding, commission, slippage, and bar magnification settings.
The source ends before the full oscillator calculations and order conditions, so the entry and exit rules cannot be reconstructed from the supplied text. No strategy report or performance results are included. The trading-bot credential inputs and simulation assumptions are implementation details; the excerpt does not establish live execution behavior or demonstrate that the signal is profitable. Treat the described framework as incomplete rather than as a validated strategy.
Key ideas
- The framework uses pivot highs and lows to maintain candidate fractal levels.
- A shifted smoothed moving average filters which fractal levels can activate.
- Crosses of activated fractal levels update a bullish or bearish trend state.
- The excerpt omits the complete Awesome Oscillator signal and trade execution logic.
- Simulation settings are shown, but no performance results are supplied.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.