FractalDownBar

Modified on 2013/08/15 11:10 by Administrator — Categorized as: Community Indicators

Syntax

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

Parameter Description

ds	Any DataSeries. Typically pass Bars.Low

Description

Fractals per Bill Williams in 'Trading Chaos, Second Edition' are an indication of a change in market direction/behavior. An down (or sell) fractal is a minimum of 5-bar pattern where the center bar's low is below the low of the two bars on either side of it. FractalDownBar returns the first bar of the Low in the most recent fractal sequence as of the current bar.

See also: FractalDown, FractalUpBar, FractalUp, Alligator

Interpretation

A fractal "sell" occurs when price crosses below a down/sell fractal if it is below the Alligator teeth at the time of the crossing. You can use fractal sell signals to sell long positions and/or to add short positions.

Example

See FractalDown