Quadratic Semaphore — Indicator by Dreadblitz

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The quadratic semaphore indicator is an indicator that find confirmed market u-turn with the help of 2 quadratic regression calculated with Highs and Lows over the last “length” periods.

- “p” setting is candlesticks quantity to confirmed the quadratic regression has formed a High or Low parabola, such as Fractals. Consecutive same signals can happen due to the use of different price values for upper and lower semaphore.

- Adjust the settings to your instrument and time frame.

- Alerts included.

Success with your trade¡¡

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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