FractalUpBar

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

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