PROTECTED SOURCE SCRIPT
Power Fractals
Updated
This script is using fractals and other indicators/formulas to find long entries and exits.
It works best for volatile markets but I found it can work sometimes in ranging markets as well.
Don't take signals against the major trend as it also prints buy entries in bear markets (that are invalidated afterwards)
It works best for volatile markets but I found it can work sometimes in ranging markets as well.
Don't take signals against the major trend as it also prints buy entries in bear markets (that are invalidated afterwards)
Release Notes
Improved the script and the detection algos. Added entry points meant for scalping.
Release Notes
Improved the Entry Signal algo by including a MACD filter. Release Notes
Plot MACD signal line moving up signal as green dotPlot MACD signal line crossing over zero line signal as blue dot
Release Notes
Added alarm options for crossing between price and MA50.
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