Wealth-Lab Wiki

API ChartStyles Community Components Community Indicators IndexDefinitions Knowledge Base Misc Optimizers Pending Deletion PosSizers Providers Standard Indicators TASC Traders Tips TASCIndicators Tutorial Videos Visualizers
RSS

Navigation


Quick Search
»
Advanced Search »


FractalUpBar

RSS

Syntax

public FractalUpBar(DataSeries ds, string description)
public static FractalUpBar Series(DataSeries ds)

Parameter Description

ds Any DataSeries. Typically pass Bars.High

Description

Fractals per Bill Williams in 'Trading Chaos, Second Edition' are an indication of a change in market direction/behavior. An up (or buy) fractal is a minimum of 5-bar pattern where the center bar's high is greater than the high of the two bars on either side of it. FractalUpBar returns the first bar of the High in the most recent fractal sequence as of the current bar.

See also: FractalUp, FractalDown, FractalDownBar, Alligator

Interpretation

A fractal "buy" occurs when price crosses an up/buy fractal if it is above the Alligator teeth at the time of the crossing. You can use fractal buy signals to cover short positions and/or to add long positions.

Example

See FractalUp

Important Disclaimer: The information provided by Wealth-Lab is strictly for informational purposes and is not to be construed as advice or solicitation to buy or sell any security.  The owner of Wealth-Lab.com assumes no liability resulting from the use of the material contained herein for investment purposes. By using this web site, you agree to the terms of this disclaimer and our Terms of Use.

Used under license from FMR Corp. Copyright 2008 FMR Corp. All rights reserved.


ScrewTurn Wiki. Some of the icons created by FamFamFam.