v1.0
In the search for one indicator that accurately finds the top and bottoms of the market, I have come across various indicators that use fractals and or zig-zag (still a form of fractals) to find the peak of each move.
Fractal is a fantastic indicator, but the very glaring downside is that fractals are inherently late.
This indicator is calculated with a combination of RSI and Stochastic in an attempt to reduce the lag.
In the search for one indicator that accurately finds the top and bottoms of the market, I have come across various indicators that use fractals and or zig-zag (still a form of fractals) to find the peak of each move.
Fractal is a fantastic indicator, but the very glaring downside is that fractals are inherently late.
This indicator is calculated with a combination of RSI and Stochastic in an attempt to reduce the lag.
Release Notes:
v1.1
Added option ("Level mode") to change how the levels are determined.
- High Low, would be the original mode of the indicator which draw levels at the highest and lowest point.
- Close, would use the closing price to draw the level.
Added option ("Level mode") to change how the levels are determined.
- High Low, would be the original mode of the indicator which draw levels at the highest and lowest point.
- Close, would use the closing price to draw the level.