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İndicator that can identify repetitions in the market

  • Post #1
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  • First Post: Feb 5, 2016 2:04am Feb 5, 2016 2:04am
Due to B Williams and his unforgivable "contribution" on to the term "fractal", i cant use that term to describe what im looking for. So i went with repetitions.
I am looking for a mt4 version of indicators that identify past moves that resemble current one. One method of such is to identify and quantify similarities between a small band of moving averages instead of candles. This is a widely used practice among pros and not so mainstream. I could not find a single topic on the matter, yet alone an indicator.

So before i go on and spend a grand on building such indicator, i wanted to make sure that one that is free doesnt exist out there. If you know otherwise please let me know. Thanks.

examples:

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Quoting kwonkicker
Due to B Williams and his unforgivable "contribution" on to the term "fractal", i cant use that term to describe what im looking for. So i went with repetitions. I am looking for a mt4 version of indicators that identify past moves that resemble current one. One method of such is to identify and quantify similarities between a small band of moving averages instead of candles. This is a widely used practice among pros and not so mainstream. I could not find a single topic on the matter, yet alone an indicator. So before i go on and spend a grand...
There was an indicator that do exactly what you described, here on FF, time ago.

And, regardless the perfection of how two charts looks really similar, the future was not following.

However here in FF there is, i don't remember the name but if i find it i'll post here.
  • Post #3
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  • Last Post: Feb 5, 2016 8:45am Feb 5, 2016 8:45am
Quoting tunera
{quote} There was an indicator that do exactly what you described, here on FF, time ago. And, regardless the perfection of how two charts looks really similar, the future was not following. However here in FF there is, i don't remember the name but if i find it i'll post here.
thank you. despite my searches of almost every relative term i could think of no results came up here. Trading is not simple and obviously finding "similar" moves in the past is not enough for conviction. It will be just another confirmation tool at hand. I will make one regardless of my search here, but every dollar counts so id appreciate any help.
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