Dynamic Structure IndicatorThis is a dynamic structure indicator designed to map potential support and resistance zones (in all markets). It does this by looking back x amount of candles to identify major swing highs and lows on the specified reference timeframe, and then it draws a zone between the highest/lowest wick and the highest/lowest candle close across the chart until a new zone is created.
The settings are important because it gathers data from a separate reference timeframe, so sometimes it will map zones that aren’t really appropriate for lower timeframes. On lower timeframes (1Hr and under) I’d recommend setting the reference timeframe to your actual trading timeframe and increasing the lookback period to fine-tune the zone mapping. The script is set for 4 Hour forex charts by default.
Please note: the max zone option is disabled by default because it is different for every instrument, but this is a useful feature that I recommend using. Sometimes the indicator picks up huge gaps that aren’t really considered support or resistance zones. If this happens to you, use the zone size settings to invalidate huge (or tiny) zones. The zone size is in pips.
To be honest I didn’t get this indicator to be quite as accurate as I envisioned and it’s still a work in progress as I learn pine script, but this is the best I’ve been able to get it to function and with the right settings it works fairly well so I figured I might as well release this first version. Maybe someone with better skills than me can help refine it to more accurately identify major fractals and levels - if so, please get in touch! All traders should be able to identify their own major levels by eye anyway, but this script is intended to be a building block for future signal indicators I wish to develop.
Last of all - please don’t use this indicator to trade blindly! Often price will blast right through these zones and the zones aren’t always accurate. Remember that structure levels only work if they’re obvious to other traders, and always wait for confirmation signals that meet your trade plan rules before entering trades – especially reversals or counter-trend trades.
If you have any questions or tips to improve the script, feel free to leave a comment or private message me.
Enjoy, and good luck out there :)
- Matt.
스크립트에서 "fractals"에 대해 찾기
RSX FracticalityA little project I was working on to avoid studying for finals. Using LazyBear's RSX code for a smoother RSI, then taking the RSX of fib number lengths. Take the average of that, then the JMA of that from the same fib numbers. The average of that is then treated as the trend, take the average of the trend values from the main time frames, the script calls pretty far back so adding a W or M TF I think would throw the calculations off. Then I smoothed that value using the jma's to create the overall trend. I got the idea from Ehler's Empirical Mode Decomposition about identifying peaks and valleys and creating an average of that to create a range. The idea is that if the trend is above the Average Peak then it is a bull trend, less than the average valley it's a bear trend, in between it's ranging. It looks like it turned out alright, I'll be working on this idea of fractals a lot this summer to see if I can improve it or build something better off of the idea.
MACD+STOCHASTICA simple strategy that use MACD and STOCHASTIC to give buy/sell signal. Use fractals to put stop loss
MACD + RSI TSA simple strategy that use EMAs convergence/divergence and RSI peeks to take position. Fractals are really useful to positioning your stop loss.
It works well on commodities and forex markets.
VDUB_REJECTION_SPIKE_V2VDUB_REJECTION_SPIKE_V2
Works on all time frames, Tested on 1min, I can't make it any faster
Hull MA
channel
channel 2
Pivot Channel
{RS} spike hunter
Modified Fractals V2
[RS]Fractal Pattern Recognition V0EXPERIMENTAL: reads the rates for the last top/bottom in a zigzag fractal series, outputs XAB, XAD, ABC, and BCD rates, im interested in earing what your opinion is as im a total noob in harmonics :p.
use with Fractals V5 for visual confirmation ;).
