2009.06.19 TRO FRACTAL INDICATORS

[TheRumpledOne]

2009.06.19 TRO FRACTAL INDICATORS






TRO_FRACTAL plots the fractals, fractal trend lines and fractal support/resistance lines.

TRO_MM_FRACTAL displays the most recent fractal arrowhead.

TRO2009_MM_FRACTAL (donational) displays how many bars ago the most recent fractal occurred.

FREE MT4 version TRO_FRACTAL and TRO_MM_FRACTAL, including SOURCE CODE, attached.


PLEASE DO NOT POST MY CODE ON OTHER FORUMS.


By the way, MP6140, I wrote these myself and didn't modify others' code. MP6140, you need to stop libeling me




Updated 3_Level_ZZ_Semafor_TRO_MODIFIED_VERSION attached.

[PTG]

By the way, MP6140, I wrote these myself and didn't modify others' code. MP6140, you need to stop libeling me

Might this be applicable to MP6140 ?

[TheRumpledOne]

lol!!!

[noone22]

Thanks TRO!

Just a rhetorical question: isn't a fractal theory
of some kind of prediction of future?
As far as common knowledge, only fortune-tellers
are good in this area...

[TheRumpledOne]

What Are Fractals?
When many people think of fractals in the mathematical sense, they think of chaos theory and abstract mathematics. While these concepts do apply to the market (it being a nonlinear, dynamic system), most traders refer to fractals in a more literal sense. That is, as recurring patterns that can predict reversals among larger, more chaotic price movements.

These basic fractals are composed of five or more bars. The rules for identifying fractals are as follows:

* A bearish turning point occurs when there is a pattern with the highest high in the middle and two lower highs on each side.
* A bullish turning point occurs when there is a pattern with the lowest low in the middle and two higher lows on each side.

The obvious drawback here is that fractals are lagging indicators - that is, a fractal can't be drawn until we are two days into the reversal. While this may be true, most significant reversals last many more bars, so most of the trend will remain intact (as we will see in the example below).

http://www.investopedia.com/articles/tr ... actals.asp

[noone22]

These basic fractals are composed of five or more bars

OK
Then fractals is just advanced candlesticks formations,
which is much more simpler as compared to really complex
theoretical stuff of chaos and abstract.

[TheRumpledOne]

Coming soon.

My buddy, Chip, sent me this link:

http://www.median-line-study.com/

[PINKPANTHER5]

One thing is NEVER trade fractals alone. They seem very tempting and promising, but they do fail bad. Maybe on H4's and above you can take small some pips on the replacement but don't base your trading on just them.

[ahmedalhoseny]

TRO the donational indicators i received didnot include this indicator Did you droped using it !!
TRO2009_MM_FRACTAL (donational) displays how many bars ago the most recent fractal occurred

Regards

[TheRumpledOne]

That's a 2009 indicator.

I am sending out 2012 indicators now.