Fractals [NT-DIGITALS]

The Fractals Detector indicator in Pine Script version 5 identifies potential turning points using specific candlestick patterns. Fractals are significant in technical analysis as they indicate potential highs or lows in price. A fractal high forms when the highest price of a candlestick is surrounded by two lower highs on either side. Conversely, a fractal low forms when the lowest price of a candlestick is surrounded by two higher lows on either side.
Features:
Detects fractal highs and lows on the chart.
Customizable parameters for the number of bars to the left and right required to form a fractal.
Displays distinct symbols for fractal highs (red upward arrows) and fractal lows (green downward arrows).
Parameters:
Bars to the Left: Number of bars to the left to form a fractal (default: 2).
Bars to the Right: Number of bars to the right to form a fractal (default: 2).
Usage:
This indicator is useful for traders looking to identify potential turning points in prices. Fractals can serve as entry or exit points based on the detected reversals.Description:
The Fractals Detector indicator in Pine Script version 5 identifies potential turning points using specific candlestick patterns. Fractals are significant in technical analysis as they indicate potential highs or lows in price. A fractal high forms when the highest price of a candlestick is surrounded by two lower highs on either side. Conversely, a fractal low forms when the lowest price of a candlestick is surrounded by two higher lows on either side.
Features:
Detects fractal highs and lows on the chart.
Customizable parameters for the number of bars to the left and right required to form a fractal.
Displays distinct symbols for fractal highs (red upward arrows) and fractal lows (green downward arrows).
Parameters:
Bars to the Left: Number of bars to the left to form a fractal (default: 2).
Bars to the Right: Number of bars to the right to form a fractal (default: 2).
Usage:
This indicator is useful for traders looking to identify potential turning points in prices. Fractals can serve as entry or exit points based on the detected reversals.
The Fractals Detector indicator in Pine Script version 5 identifies potential turning points using specific candlestick patterns. Fractals are significant in technical analysis as they indicate potential highs or lows in price. A fractal high forms when the highest price of a candlestick is surrounded by two lower highs on either side. Conversely, a fractal low forms when the lowest price of a candlestick is surrounded by two higher lows on either side.
Features:
Detects fractal highs and lows on the chart.
Customizable parameters for the number of bars to the left and right required to form a fractal.
Displays distinct symbols for fractal highs (red upward arrows) and fractal lows (green downward arrows).
Parameters:
Bars to the Left: Number of bars to the left to form a fractal (default: 2).
Bars to the Right: Number of bars to the right to form a fractal (default: 2).
Usage:
This indicator is useful for traders looking to identify potential turning points in prices. Fractals can serve as entry or exit points based on the detected reversals.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.
Declinazione di responsabilità
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.