Generalized Fractals with Adjustable Bar Windows
Summary
The document describes a technical indicator that identifies fractal points using a configurable number of bars on each side of a central candlestick. Its single setting controls that window size, allowing the same method to detect patterns such as 1-by-1 or wider formations. A wider window requires a candidate turning point to be compared with more neighboring bars, so the setting changes how selective the pattern is and how frequently it may appear.
The document illustrates several window sizes, but provides no formulas, examples of resulting trades, performance evidence, or guidance for choosing a setting. It explains a pattern-detection tool rather than a complete trading strategy. Fractal signals also depend on surrounding bars being available, so confirmation can occur after the central candle; the text does not discuss timing, repainting behavior, or how to manage risk when using the indicator.
Key ideas
- The indicator detects fractals by comparing a central candlestick with bars on both sides.
- A single setting determines how many neighboring bars are included in that comparison.
- Larger window settings describe broader fractal formations.
- The document provides illustrations but no trading rules or performance results.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.