2009.06.19 TRO FRACTAL INDICATORS

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TheRumpledOne
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2009.06.19 TRO FRACTAL INDICATORS

Postby TheRumpledOne » Fri Jun 19, 2009 2:11 pm


2009.06.19 TRO FRACTAL INDICATORS



Image


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


Image

Updated 3_Level_ZZ_Semafor_TRO_MODIFIED_VERSION attached.
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TRO_FRACTAL.zip
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Postby PTG » Fri Jun 19, 2009 5:46 pm

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 ? :shock: :P :smt035 :smt033

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Postby TheRumpledOne » Fri Jun 19, 2009 11:49 pm

lol!!!
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Postby noone22 » Sat Jun 20, 2009 12:41 am

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...

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Postby TheRumpledOne » Sat Jun 20, 2009 2:40 am

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
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Postby noone22 » Tue Jun 23, 2009 12:41 am

TheRumpledOne wrote: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.

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Postby TheRumpledOne » Wed Jun 24, 2009 5:47 pm

Image

Coming soon.

My buddy, Chip, sent me this link:

http://www.median-line-study.com/
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Postby PINKPANTHER5 » Wed Jun 24, 2009 6:17 pm

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.

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Postby ahmedalhoseny » Sun Mar 11, 2012 10:51 am

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

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Postby TheRumpledOne » Tue Mar 13, 2012 1:34 am

That's a 2009 indicator.

I am sending out 2012 indicators now.
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