Secta992

Fractals and Pattern Mandelbrot

This indicator show classic fractals and patterns of force long or short if they are on the top or on the low of a x candles, so they try to anticipate the inversion of the trend.
The purple arrow indicate the fractals and the blue indicate the pattern for the inversion of the trend.
For the targets and the stop we need to use Fibonacci extentions modificate with this values:

-1.64
-0.64
1.5563
2.422
3.5699
4.669
5.8664
9.1299
14.208

and use this A,B,C points:
For long positions A is the LAST RED CLOSE, B is the GREEN CLOSE just before the blue arrow, C is B.

the -1.64 is the stop loss, if price close under that
the -0.64 is the best level to enter long


For short positions A is the LAST GREEN CLOSE, B is the RED CLOSE just before the blue arrow, C is B.

the -1.64 is the stop loss, if price close above that
the -0.64 is the best level to enter short

Script open-source

Nello spirito di condivisione promosso da TradingView, l'autore (al quale vanno i nostri ringraziamenti) ha deciso di pubblicare questo script in modalità open-source, così che chiunque possa comprenderlo e testarlo. Puoi utilizzarlo gratuitamente, ma il riutilizzo del codice è subordinato al rispetto del Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.

Vuoi usare questo script sui tuoi grafici?

Commenti

Bravo...Im just beginning to read Mandelbrot. Out of curiosty searched in the indicators his name and yours is the only one that names him in fractal indicators. Can you explain your reasoning behind the fibo ratios you use??
+2 Rispondi
Hello, your indicator is very good! Thanks for sharing. Do you know where you could read about the Mandelbrot theory?
Rispondi
Pat4AM mincho1010
@mincho1010, The (Mis)Behavior of Markets is a good primer on it.
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