EmpiricalFX

Fractal Adaptive Entry Indicator

This entry indicator was inspired by John Ehle'rs "Fractal Adaptive Moving Average"

It's a very sensitive entry indicator that must be paired with a long-term trend detector in order to filter false positives.

Warning I have not backtested this indicator and will not make any claims to its performance.
Visually, it looks promising, however, backtesting and statistical analysis takes time.

Happy trading
<3
Release Notes: Now with signal dampening setting -> ignore false positives during sideways motion with a tunable setting.
Release Notes: Removed plotting of FRAMA line and changed shape colors.
Added multi-timeframe support
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Kommentarer

Signaldampening seems to remove every signal on GBPJPY whatever timeframe is as long as it is above 0.00, it kills signals.
Svara
EmpiricalFX greenmask9
@greenmask9, It's a percentage-based filter. I set it to 0.005 (0.5%) on GBPJPY and removed some false positives. It also references the Average True Range of an asset. So if there's very low volatility, the filter may remove all signals.
Svara
greenmask9 EmpiricalFX
@EmpiricalFX, I imagine this function will be very useful for beginners. I hope they find your script :)
Svara
Seems very promising, will test it.
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