STP Fractal Corridors
Fractal Corridors is a lagging channel connecting Fractal highs and lows each with added/substracted pre-set value.
It is inspired and designed for Vladimir Poltoratskiy's trading style with his ST patterns (book: Forex Strategy: ST Patterns Trading Manual).
This uses fractals with one candle lower/higher on each side as in the book.
You may choose to disable fractals and view the channel only.
Good luck trading!
It is inspired and designed for Vladimir Poltoratskiy's trading style with his ST patterns (book: Forex Strategy: ST Patterns Trading Manual).
This uses fractals with one candle lower/higher on each side as in the book.
You may choose to disable fractals and view the channel only.
Good luck trading!
Release Notes:
• alerts for the fractures added
• you can have a script plot the fractures on the chart
• you can have a script plot the fractures on the chart
Release Notes:
I added two life-improvement features to the script.
• Dynamic width calculation. This uses a measure that will override tick-based width and is active on default. Specifically, it uses Average True Range over 300 daily candles and divides them by 10.
• Smoothing that gives channels more modern touch.
In addition, I changed the default colors for the channel itself. This is because it goes better with my taste and fits into my chart nicely. Feel free to revert back to Maroon/Olive.
• Dynamic width calculation. This uses a measure that will override tick-based width and is active on default. Specifically, it uses Average True Range over 300 daily candles and divides them by 10.
• Smoothing that gives channels more modern touch.
In addition, I changed the default colors for the channel itself. This is because it goes better with my taste and fits into my chart nicely. Feel free to revert back to Maroon/Olive.
Release Notes:
Hotfix for the chart in the preview.