Need coder to make Erased Fractal indicator | Forex Factory

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Need coder to make Erased Fractal indicator

  • #1
  • First Post: May 15, 2012 11:31am May 15, 2012 11:31am
hello

Welcome to Erased fractal

The answer to all your questions is in the title !

lets go !

in the picture you can see standard fractal coming from MT4 inside the red boxes.

fractal points are on high & low are displayed as grey arrow.

under that you can see red & blue dots

that's another fractal indicator, standard as well, but with that one i can SEE

the most important the ERASED FRACTAL.

(Indicator that keep the erased fractal are not easy to find..... )
Attached Image (click to enlarge)
Click to Enlarge Name: normal fractal.JPG Size: 110 KB
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  • #2
  • May 15, 2012 11:37am May 15, 2012 11:37am
In the green box

you can see the blue dot on the bottom of candle "F"

That was a fractal that was ERASED

Erased by the low & close of F+2 (second candle after F)

Now we have the first ERASED FRACTAL
Attached Image (click to enlarge)
Click to Enlarge Name: erased1.JPG Size: 115 KB
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  • #3
  • May 15, 2012 11:43am May 15, 2012 11:43am
Erased fractal can be erased by

1/ erased by low or close of F+1

2/ erased by low or close of F+2

( At F+2 close fractal is validated )





weak signal is erased by low

strong is erased by close
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  • #4
  • May 15, 2012 11:47am May 15, 2012 11:47am
We need that first ERASED FRACTAL

low / bottom fractal (blue dot)

to be able to draw our resistance line

draw resistance line ( green dot )

where ? at the first fractal over it ( on the left hand side )

in our case it is on the same candle

NOW we have our resistance line / level
Attached Image (click to enlarge)
Click to Enlarge Name: erased2.JPG Size: 108 KB
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  • #5
  • May 15, 2012 11:52am May 15, 2012 11:52am
weak Erased = erased by low

should draw a sml box around the dot/erased fractal / alert


strong/erased = erased by close

should draw an arrow at close of candle / alert

like in pic 3 see arrow on candle F+2
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  • #6
  • May 15, 2012 11:57am May 15, 2012 11:57am
easy example to day very trending ..
Attached Image (click to enlarge)
Click to Enlarge Name: erased3.JPG Size: 114 KB
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  • #7
  • May 15, 2012 12:00pm May 15, 2012 12:00pm
nor so easy but

here

erased fractal

trade logic

strong = erased by close = try to joint the train

stop loss close > resistance line you just put/draw

take profit ... you guess

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  • #8
  • May 15, 2012 12:10pm May 15, 2012 12:10pm
if erased by low

you must be brave to jump on the wagon, better

try sell near the resistance line....

(will try find a pic)

stop loss always same story close > resistance line
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  • #9
  • May 15, 2012 12:18pm May 15, 2012 12:18pm
as soon as you have a new erased dot/fractal

you must redraw

here we redraw resistance line

usually they become lower and lower till they get broken by close
Attached Image (click to enlarge)
Click to Enlarge Name: erased4.JPG Size: 121 KB
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  • #10
  • May 15, 2012 12:28pm May 15, 2012 12:28pm
the aggressive way to play it is to sell the erasing/break of fractal



see the third break No 3

not so funny market jump directly after arrow/strong signal ....
Attached Image (click to enlarge)
Click to Enlarge Name: erased5.JPG Size: 123 KB
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  • #11
  • May 15, 2012 12:53pm May 15, 2012 12:53pm
:nerd:


Keep the normal fractal

Wait Erased fractal

1st bottom/low erased fractal

1/ draw the resistance line

2/ trade the break of fractal (erasing)

weak = draw box wait sell near the resistance line

( we can build a buffer zone )

strong = arrow on close Jump in/on the wagon

aggressive = sell the break (better if candle is very long ....)

resistance line move & redraw each time new low fractal is erased.

low/blue erased fractal = take the high/red fractal over it to draw the resistance line.


Stop loss at resistance line on close >

Take profit = greed & fear but

simple take profit is when low fractal is not erased at F+1 close = out

see the pic here under

with yellow sign

as you can see first one was safe but early .... !
Attached Image (click to enlarge)
Click to Enlarge Name: erased 7.JPG Size: 110 KB
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  • #12
  • May 15, 2012 1:02pm May 15, 2012 1:02pm
should break soon .... ???



near major support at 1.2700/10
Attached Image (click to enlarge)
Click to Enlarge Name: erased8.JPG Size: 108 KB
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  • #13
  • May 15, 2012 1:09pm May 15, 2012 1:09pm
would be great IF...

we had an indicator

draw/alert for normal fractal +

draw/redraw resistance/support/box/arrow/alert for erased fractal

see you tomorrow frds

nice evening
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  • #14
  • May 15, 2012 2:17pm May 15, 2012 2:17pm
Quoting recidiviste
hello

Welcome to Erased fractal

The answer to all your questions is in the title !

lets go !

in the picture you can see standard fractal coming from MT4 inside the red boxes.

fractal points are on high & low are displayed as grey arrow.

under that you can see red & blue dots

that's another fractal indicator, standard as well, but with that one i can SEE

the most important the ERASED FRACTAL.

(Indicator that keep the erased fractal are not easy to find..... )
Are going to share the erased fractal indicator?
  • #15
  • May 15, 2012 2:22pm May 15, 2012 2:22pm
Quoting winalot
Are going to share the erased fractal indicator?
i want to share that's why i started this Thread !

but in fact the indicator i don't have it .... need find a kind coder interested to build/code & improve system/logic.

for indicator first

&
latter on for ea

see you
regards
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  • #16
  • May 15, 2012 2:45pm May 15, 2012 2:45pm
see here

fractal is erased

but erased by the low only

weak...

resistance is close & broken easy

Must be erased and we should use the previous one/ the one that was draw before it aas new resistance...
Attached Image (click to enlarge)
Click to Enlarge Name: erased9.JPG Size: 117 KB
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  • #17
  • May 15, 2012 2:53pm May 15, 2012 2:53pm
for the mom strong bid in the 1.2720 levels .....
Attached Image (click to enlarge)
Click to Enlarge Name: erased10.JPG Size: 136 KB
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  • #18
  • May 15, 2012 7:22pm May 15, 2012 7:22pm
Quoting recidiviste
hello

Welcome to Erased fractal

The answer to all your questions is in the title !

lets go !

in the picture you can see standard fractal coming from MT4 inside the red boxes.

fractal points are on high & low are displayed as grey arrow.

under that you can see red & blue dots

that's another fractal indicator, standard as well, but with that one i can SEE

the most important the ERASED FRACTAL.

(Indicator that keep the erased fractal are not easy to find..... )
Which indicator gives you the red and blue dots?
  • #19
  • May 16, 2012 2:14am May 16, 2012 2:14am
to draw support line

we need first erased top/high fractal

&
we draw at first low fractal under it

see pic
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  • #20
  • May 16, 2012 2:15am May 16, 2012 2:15am
here
Attached Image (click to enlarge)
Click to Enlarge Name: p1.JPG Size: 112 KB
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