Its a combined Indicator built on the concepts of Fractals, EMAs, RSI, ATR and Awesome Oscillators. A fractal is a small, repeating price pattern composed of five price bars or candlesticks that helps identify potential turning points in a market trend. It acts as a technical indicator to highlight support and resistance levels, signifying potential reversals. Specifically, a bullish fractal has the middle bar as the lowest low (a "V" shape), signaling a possible uptrend reversal, while a bearish fractal has the middle bar as the highest high (an inverted "V"), indicating a potential downtrend reversal. EMA tracks an asset's price over a specific period by placing greater weight on recent data points, making it more responsive to current market changes than a Simple Moving Average (SMA). Traders use EMAs to identify bullish and bearish trends, spot potential entry and exit points, and capture market momentum and price shifts quickly, especially in shorter time frames. RSI (Relative Strength Index) is a momentum oscillator used in trading to measure the speed and change of price movements, indicating whether a security is overbought (likely to fall) or oversold (likely to rise). Developed by J. Welles Wilder Jr., the RSI oscillates between 0 and 100, with values above 70 generally signaling an overbought condition and values below 30 indicating an oversold condition. Traders use these signals to identify potential trend reversals and time their entry and exit points more effectively.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact varmasudhakar directly.
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Author's instructions
The Indicator,is useful for identifying entry and exits of potential Intra day trades,having momentum using the concepts of Fractals(the fractal candles have short horizontal lines to know the fractal level, which are potential support and resistances).
Warning: please read our guide for invite-only scripts before requesting access.
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.
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact varmasudhakar directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
The Indicator,is useful for identifying entry and exits of potential Intra day trades,having momentum using the concepts of Fractals(the fractal candles have short horizontal lines to know the fractal level, which are potential support and resistances).
Warning: please read our guide for invite-only scripts before requesting access.
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.
