Fractal Breakout V2

25 Mac 2018

Version 2 of my fractal pattern aid (Version 1).

I added a bouncing line between the high and low trend lines, connecting consecutive extreme points. I also chased down a pesky bug in the slope calculation...and for now I have disabled the ability to change resolution basis for extreme detection (e.g. 30m on a 1hr chart).

For fun, I added some shading to make it more apparent at a glance what is happening, but if you find it gimmicky, there's an option to turn that off.

I am inexperienced with pattern recognition, so please send feedback if you have any ideas that would make this more useful.

Thanks!
Lemrin

27 Mac 2018

Nota Keluaran

Extensions to upper and lower boundary lines now continue through new extreme points, as long as that point is within a configurable ratio of the extended line. This helps identify when important resistance/support or pattern formation lines have been broken. To add visibility to such conditions, I have re-enabled shading by default, based on price breaking outside the extended boundary lines.

27 Mac 2018

Nota Keluaran

Found a bug, where a perfect storm could cause extensions to become limitlessly negative.

29 Mac 2018

Nota Keluaran

I kinda forgot to make the setting to turn off the new dotted extensions actually do anything. Sorry about that, fixed!