VFractals: Fractal Levels Filtered by Relative Volume
Summary
VFractals marks fractal levels when the bar forming a fractal has volume greater than the average volume of the three bars preceding that fractal. The volume condition acts as a filter: the indicator highlights qualifying fractals rather than describing every fractal level. The document attributes the indicator to its stated author and notes that it was originally implemented in MQL4 and published in 2010.
No details are given about the exact fractal definition, how the average is computed, or how marked levels should be used in a trading strategy. The description also provides no examples, market coverage, parameter choices, or performance results. It explains the volume qualification at a high level, but does not show that higher relative volume makes a level more reliable. Any practical use would require examining the implementation and testing the marked levels against an explicit trading rule.
Key ideas
- VFractals marks fractal levels that meet a relative-volume condition.
- The qualifying bar must have volume above the average of the three bars preceding the fractal.
- The document gives a high-level description and historical implementation context.
- It does not define the full fractal calculation or provide trading rules or performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.