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Fractals channel

Trend indicator with a unique algorithm for detecting trend reversals. It uses Price Action and its own filtering algorithm to determine the trend. The algorithm is based on a price channel based on chart fractals. This approach helps to accurately determine the entry points and the current trend on any timeframe. Recognize a new emerging trend with fewer false positives without delay.

Peculiarities

The advantage of the indicator is that its period is dynamic. Since it is tied not to the number of candles, but to the number of opposite fractals, with the given parameters!

The Fractals Channel indicator is trending, so it is recommended to use it on any trending currency pairs!

Settings

- - - - - - - Period - - - - - - -

Number of opposite fractals (2 min) - the number of opposite fractals to determine the channel

Trend changes if - a method for determining a trend change: by touch, by closing outside the channel, by exiting the channel


- - - - - - Fractal settings - - - - - - Fractal definition settings (recommended by default)

Bars to the left of the fractal - the number of bars before the fractal candlestick

Bars to the right of the fractal - the number of bars after the fractal candle


- - - - - - - - Display - - - - - - - -

Display on historical bars - the number of bars for which the indicator and statistics will be calculated

Display trend change statistics - display statistics on the chart

Display trend arrows - display trend change arrows

Display profit (points) - display of potential profit


- - - - - - - Alerts - - - - - - -

Alert - alert

Push notification - push notification to the phone when a trend changes

Email - sending a letter to your mailbox when a trend changes


To be convinced of the declared advantages of the indicator, download a free demo version for testing in the terminal.

If you have a suggestion for improving this product or you have found a bug, be sure to write me a private message.

Write to the author personally.

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Version 1.3 2022.12.31
Исправлен расчет статистики