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Fractal Up and Fractal Down Expert by Manoj P. Abraham
Re: Fractuals

· To: metastock@xxxxxxxxxxxxx
· Subject: Re: Fractuals
· From: "Manoj Abraham" <manopab@xxxxxxxxxxx>
· Date: Tue, 06 Oct 1998 21:30:44 PDT
· Reply-To: metastock@xxxxxxxxxxxxx
· Sender: owner-metastock@xxxxxxxxxxxxx

Dear Richards,

The technical Definition of a fractal is a series of a minimum 5 conseceutive bars where the bar with the highest high (lowest low for a down fractal) for an up fractal is preceded by two bars with lower highs (higher lows for a down fractal) and is followed by two bars with lower highs (higher lows for a down fractal) than the fractal high (low)


Fractal Up and Fractal Down Expert

Up Fractal

(If( HIGH > Ref( HIGH , -1 ), 1 ,0 ) AND
 If( HIGH > Ref( HIGH , -2 ), 1 ,0 ) AND
 If( HIGH > Ref( HIGH , +1 ), 1 ,0 ) AND
 If( HIGH > Ref( HIGH , +2 ), 1 ,0 ))


Down Fractal

(If( LOW < Ref( LOW , -1 ), 1 ,0 ) AND
 If( LOW < Ref( LOW , -2 ), 1 ,0 ) AND
 If( LOW < Ref( LOW , +1 ), 1 ,0 ) AND
 If( LOW < Ref( LOW , +2 ), 1 ,0 )

 

e-se-Fractal_Up_and_Fractal_Down_Expert.gif

 

Put the formulas in a new Expert with up arrows and down arrows in graphics with appropriate colors. Hope this will be of help.

Manoj P. Abraham

Source / From: TOP
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