OPEN-SOURCE SCRIPT
Updated Fractal Adaptive Entry Indicator
This entry indicator was inspired by John Ehle'rs "Fractal Adaptive Moving Average"
It's a very sensitive entry indicator that must be paired with a long-term trend detector in order to filter false positives.
Warning I have not backtested this indicator and will not make any claims to its performance.
Visually, it looks promising, however, backtesting and statistical analysis takes time.
Happy trading
<3
It's a very sensitive entry indicator that must be paired with a long-term trend detector in order to filter false positives.
Warning I have not backtested this indicator and will not make any claims to its performance.
Visually, it looks promising, however, backtesting and statistical analysis takes time.
Happy trading
<3
Release Notes
Now with signal dampening setting -> ignore false positives during sideways motion with a tunable setting.Release Notes
Removed plotting of FRAMA line and changed shape colors.Added multi-timeframe support
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Algo Trading Simplified 👉 PaxProfits.com
Discover the easy way to manage Forex trading accounts. Trusted by traders globally.
Discover the easy way to manage Forex trading accounts. Trusted by traders globally.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Algo Trading Simplified 👉 PaxProfits.com
Discover the easy way to manage Forex trading accounts. Trusted by traders globally.
Discover the easy way to manage Forex trading accounts. Trusted by traders globally.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.