Input Information
| Name | Expression | Default | Description |
Market Synopsis
Table of Contents:
- Introduction
- What are Fractals?
- How do Fractals Work?
- Using Fractals Indicator
- Applying Fractal Analysis
- Benefits of Fractals Indicator
- Limitations of Fractals Indicator
Introduction:
The Fractals indicator is a popular analytical tool used in financial markets to identify potential price reversals. Developed by Bill Williams, this tool uses geometric patterns to predict market trends and determine entry and exit points for trading.
What are Fractals?
Fractals are mathematical patterns that repeat themselves on different scales. In finance, they are used to identify repeating patterns in asset prices. A fractal pattern consists of at least five bars with the highest high or lowest low in the middle, surrounded by two lower highs or higher lows on each side.
How do Fractals Work?
Fractals work by identifying key levels of support and resistance in the market. When the price crosses a fractal level, it is seen as a potential reversal point. This can be used for both long and short positions.
Using Fractals Indicator
The Fractals indicator can be found on most trading platforms. It displays up and down arrows above or below the price bars indicating potential trend reversals. Traders can use these signals to enter or exit a position.
Applying Fractal Analysis
Fractal analysis can be used in conjunction with other technical indicators such as moving averages, MACD, and RSI. By combining fractal analysis with other tools, traders can confirm potential trend changes and make more informed trading decisions.
Benefits of Fractals Indicator
- Identify potential trend reversals
- Provides clear entry and exit points
- Can be used in combination with other technical indicators
Limitations of Fractals Indicator
- May provide false signals in ranging markets
- Signals may lag behind market movements
- Not suitable for all trading strategies
Table of Contents:
- What are Fractals?
- How do Fractals Work?
- Fractal Indicators
- Using Fractal Indicators for Market Direction
What are Fractals?
Fractals are geometric patterns that repeat at different scales. They are self-similar, meaning that they look the same no matter how closely you zoom in or out.
How do Fractals Work?
Fractals are created by repeating a simple pattern over and over again, with each repetition getting smaller and smaller. This process creates complex, intricate shapes that can be found throughout nature and the universe.
Fractal Indicators
In trading, fractal indicators are used to identify patterns in price movements. These indicators use mathematical algorithms to detect repeating patterns in the market, similar to the way fractals are created in nature.
Using Fractal Indicators for Market Direction
Fractal indicators can be used to determine the overall direction of the market. By identifying patterns in the market, traders can predict future price movements and make informed trading decisions.
For example, if a trader sees a bullish fractal pattern forming, they may decide to buy a stock or currency pair in anticipation of an upward trend. Conversely, if a bearish fractal pattern is detected, the trader may look to sell or short the asset in anticipation of a downward trend.
Plot Information
| Number | Name | Default Color | Description |
Remarks
Indicators
- Accumulation Swing Index ASI
- Accumulation/Distribution AD
- Adaptive moving average
- Alligator (Gator_2)
- Alligator (Gator)
- Aroon Down Indicator
- Aroon Oscillator
- Aroon Up Indicator
- Average Directional Movement Index ADX
- Average True Range- ATR
- Awesome Oscillator
- Bears Power
- Bollinger Bands-BB
- Bubi Candles
- Bulls Power
- BW-ZoneTrade-BWZT
- Chaikin Oscillator
- Chaikin Volatility-CHV
- ColorBars
- ColorLine
- Commodities Channel Index- CCI
- Crossover of Moving Averages
- Demarker Indicator
- Detrended Price Oscillator-DPO
- Directional Indicators-DI
- Directional Movement Index-DMI
- Disparity Index
- Double exponential moving average
- Double Exponential Moving Average DEMA
- Dynamic Support and Resistance
- Envelopes
- Exponential Moving Average-EMA
- Force Index
- Fractal Adaptive Moving Average-FrAMA
- Fractals
- Heikin Ashi
- Ichimoku Kinko Hyo (ichimoku)
- Keltner channel
- Market Facilitation Index
- Mass Index indicator (MI)
- McClellan Oscillator
- Momentum
- Money Flow Index MFI
- Moving Average
- Moving Average Convergence/ Divergence MACD MAC D
- Moving Average MV
- Moving Average of Oscillator
- On Balance Volume OBV
- Oscillator of a Moving Average OsMA ( MACD Histogram)
- Parabolic
- Parabolic SAR
- Price and Volume Trend (VPT) Indicator
- Price Channel Indicator
- Range Indicator
- Rate of Change ROC
- Relative Strength Index RSI
- Relative Vigor Index RVI
- Simple Moving Average SMA
- Smoothed Moving Average SMMA Custom Moving Average
- Standard Deviation (StdDev)
- Stochastic Oscillator
- The triple exponential average TRIX indicator
- Triple Exponential Average
- Triple Exponential Moving Average TEMA
- Triple Moving Average Crossover
- True Strength Index TSI
- Ultimate Oscillator
- Variable index Dynamic Average (VIDYA)
- Volume Rate of Change VROC
- Weighted Moving Average WMA
- Williams’ Percent Range-Williams %R Larry Williams Percentage Range (WPR)
Fundamental Summary
- Coming soon!!
Technical Summary
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