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Fractal Highs and Lows
Fractal Highs and Lows Indicator
This indicator identifies fractal highs and fractal lows based on strict price action rules:
Fractal High: A valid fractal high occurs when the high of the middle (second) candle is greater than the highs of both the first and third candles.
Fractal Low: A valid fractal low occurs when the low of the middle (second) candle is lower than the lows of both the first and third candles.
Features:
Tiny Fractal Markers:
Red triangles above valid fractal highs.
Green triangles below valid fractal lows.
Precise Placement: The markers are plotted directly above or below the middle candle (the fractal candle) for clarity and accuracy.
Designed for traders who prefer clean, price-action-based tools without additional noise.
Use Case:
This indicator is perfect for identifying potential turning points in the market, aiding in decision-making for entries, exits, or validation of market structure.
How to Use:
Add the indicator to your chart.
Look for red markers to identify potential resistance (fractal highs) and green markers for potential support (fractal lows).
Combine with other tools or strategies to confirm your trading decisions.
This indicator identifies fractal highs and fractal lows based on strict price action rules:
Fractal High: A valid fractal high occurs when the high of the middle (second) candle is greater than the highs of both the first and third candles.
Fractal Low: A valid fractal low occurs when the low of the middle (second) candle is lower than the lows of both the first and third candles.
Features:
Tiny Fractal Markers:
Red triangles above valid fractal highs.
Green triangles below valid fractal lows.
Precise Placement: The markers are plotted directly above or below the middle candle (the fractal candle) for clarity and accuracy.
Designed for traders who prefer clean, price-action-based tools without additional noise.
Use Case:
This indicator is perfect for identifying potential turning points in the market, aiding in decision-making for entries, exits, or validation of market structure.
How to Use:
Add the indicator to your chart.
Look for red markers to identify potential resistance (fractal highs) and green markers for potential support (fractal lows).
Combine with other tools or strategies to confirm your trading decisions.
Skrip dilindungi
Skrip ini diterbitkan secara sumber tertutup dan anda boleh menggunakannya dengan bebas. Anda boleh menyukainya untuk menggunakannya pada carta. Anda tidak dapat melihat atau mengubah kod sumbernya.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.