Fractal Breakout V2

25 mar 2018

Version 2 of my fractal pattern aid (Version 1).

I added a bouncing line between the high and low trend lines, connecting consecutive extreme points. I also chased down a pesky bug in the slope calculation...and for now I have disabled the ability to change resolution basis for extreme detection (e.g. 30m on a 1hr chart).

For fun, I added some shading to make it more apparent at a glance what is happening, but if you find it gimmicky, there's an option to turn that off.

I am inexperienced with pattern recognition, so please send feedback if you have any ideas that would make this more useful.

Thanks!
Lemrin

27 mar 2018

Informacje o Wersji

Extensions to upper and lower boundary lines now continue through new extreme points, as long as that point is within a configurable ratio of the extended line. This helps identify when important resistance/support or pattern formation lines have been broken. To add visibility to such conditions, I have re-enabled shading by default, based on price breaking outside the extended boundary lines.

27 mar 2018

Informacje o Wersji

Found a bug, where a perfect storm could cause extensions to become limitlessly negative.

29 mar 2018

Informacje o Wersji

I kinda forgot to make the setting to turn off the new dotted extensions actually do anything. Sorry about that, fixed!