Power Fractals
This script is using fractals and other indicators/formulas to find long entries and exits.
It works best for volatile markets but I found it can work sometimes in ranging markets as well.
Don't take signals against the major trend as it also prints buy entries in bear markets (that are invalidated afterwards)
It works best for volatile markets but I found it can work sometimes in ranging markets as well.
Don't take signals against the major trend as it also prints buy entries in bear markets (that are invalidated afterwards)
Versionsinformation:
Improved the script and the detection algos.
Added entry points meant for scalping.
Added entry points meant for scalping.
Versionsinformation:
Improved the Entry Signal algo by including a MACD filter.
Versionsinformation:
Plot MACD signal line moving up signal as green dot
Plot MACD signal line crossing over zero line signal as blue dot
Plot MACD signal line crossing over zero line signal as blue dot
Versionsinformation:
Added alarm options for crossing between price and MA50.