Hi guys,
I tried searching for fractal indicator that suits my trading system. As we all know, a fractal by Bill William is the highest high of five candles or the lowest low of five bar (two cs on each side of HH or LL).
But I just got to know, that if low of one bar before the lowest low (for instance), is higher than its preceeding bar, than it is not a fractal.
So I search high and low (no pun intended ) for this type of fractal, but i couldn't find it.
The fractal that I would like to have is like this:
We still use five bars like the usual fractal. The only difference is, all this five bars can have even the same low (for down fractal) or high (for up fractal). Just as long as the middle bar low (for down fractal) or high (for up fractal), is not exceeded...
I'm hoping that there is a kind soul here that can make this materialized as i no nothing about programming.
Thank you in advance, guys.
I tried searching for fractal indicator that suits my trading system. As we all know, a fractal by Bill William is the highest high of five candles or the lowest low of five bar (two cs on each side of HH or LL).
But I just got to know, that if low of one bar before the lowest low (for instance), is higher than its preceeding bar, than it is not a fractal.
So I search high and low (no pun intended ) for this type of fractal, but i couldn't find it.
The fractal that I would like to have is like this:
We still use five bars like the usual fractal. The only difference is, all this five bars can have even the same low (for down fractal) or high (for up fractal). Just as long as the middle bar low (for down fractal) or high (for up fractal), is not exceeded...
I'm hoping that there is a kind soul here that can make this materialized as i no nothing about programming.
Thank you in advance, guys.