Fractals - page 26
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
One more fractal : fractal.rar
Mladen,
I think you are the guy whom I should ask the question to.
Have you ever created, or ever heard of such a fractal indicator:
1, It based on Bill Williams's fractal rule and draw Bill's fractal as Fractal_Level_one.
2, Based on the result of Fractal_Level_One, apply the same fractal rules again, and mark the result as Fractal_Level_Two.
3, Repeat step 2 again to make one more level.
In this way, we can see the fractals "grow up" from one level to another level -- no matter how much time it spends (so it does nothing with the timeframe). It will look similar to a MTF fractal indicator, but it's not multi_timeframe, but Multi_level.
Have you ?
- wccmcd
Mladen,
I think you are the guy whom I should ask the question to.
Have you ever created, or ever heard of such a fractal indicator:
1, It based on Bill Williams's fractal rule and draw Bill's fractal as Fractal_Level_one.
2, Based on the result of Fractal_Level_One, apply the same fractal rules again, and mark the result as Fractal_Level_Two.
3, Repeat step 2 again to make one more level.
In this way, we can see the fractals "grow up" from one level to another level -- no matter how much time it spends (so it does nothing with the timeframe). It will look similar to a MTF fractal indicator, but it's not multi_timeframe, but Multi_level.
Have you ?
- wccmcdwccmcd
No I haven't made anything similar
Mladen,
Do you have interest in making such a indicator? Thank you.
wccmcd No I haven't made anything similar
Mladen, Do you have interest in making such a indicator? Thank you.
Frankly, because of the nature of fractals, no
Imagine the "cumulative repainting" on 3rd level
well, what I realized recently is that, the market is constructed on full uncertainty, so "repainting" is not necessarily a bad thing.
3rd level fractal can only happen in two direction -- up or down. so does the 2nd and 1st level fractal. accompanied with trend strength tools and something like fibonacci, there is a way to figure out the most probablity - sorry for my bad english, this is beyond my knowledge
Frankly, because of the nature of fractals, no Imagine the "cumulative repainting" on 3rd level
I drew three levels by hand on this chart, take a look.
Frankly, because of the nature of fractals, no Imagine the "cumulative repainting" on 3rd level
If I remove fractal arrows - which is the 1st level, then things are much clearer. Please note these lines are not defined by any timeframe, it "grows up" like this.
Frankly, because of the nature of fractals, no Imagine the "cumulative repainting" on 3rd level
If I remove fractal arrows - which is the 1st level, then things are much clearer. Please note these lines are not defined by any timeframe, it "grows up" like this.
Why don't you simply use multi time frame fractals? I think that the result would be very similar
because the growth of fractals has nothing to do with timeframe... the speed of growth is keep changing and I don't think I can measure it with time. Well, well, anyways... I still havn't got a clue how to take advantage of this. Thank you for your reply.
Why don't you simply use multi time frame fractals? I think that the result would be very similar