Fractals ST Patterns
Indicator Fractals ST patterns It is a modified indicator Fractals Bill Williams, and allows you to specify any number of bars to find fractal. This simple indicator corresponds to the parameters ST patterns Strategy. Structural Target patterns at its core is the market itself, consistently divided into components. for the formation ST patterns We do not want the trend line, the geometric proportions of the model itself, trading volume and open interest in the market. They are easily recognized and are being built on the basis of the fact of penetration fractal levels and distances to the objectives. ST patterns removed from the market uncertainty inherent in the prior art graphic compositions and simplify the work of the trader.
A fractal is a set of two arrows – upwards (upper fractals) and down (lower fractals). Each fractal satisfies the following conditions:
- Upper fractal – the maximum (high) signal bar is greater than or equal to the maximum of all the bars from a range of left and right;
- Lower fractal – a minimum (low) signal bar is less than or equal to the minimum of the range of bars on the left and the right.
- Bars around – the number of bars before and after the central bar;
- arrow offset – Indent arrows from the high / low bar prices in paragraphs.
tab Colors (Color), you can customize the colors and size of the arrow to separate the upper and lower fractals.
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