Lemrin

Fractal Breakout V2

Version 2 of my fractal pattern aid (Version 1).

I added a bouncing line between the high and low trend lines , connecting consecutive extreme points. I also chased down a pesky bug in the slope calculation...and for now I have disabled the ability to change resolution basis for extreme detection (e.g. 30m on a 1hr chart).

For fun, I added some shading to make it more apparent at a glance what is happening, but if you find it gimmicky, there's an option to turn that off.

I am inexperienced with pattern recognition, so please send feedback if you have any ideas that would make this more useful.

Thanks!
Lemrin
Notas de prensa: Extensions to upper and lower boundary lines now continue through new extreme points, as long as that point is within a configurable ratio of the extended line. This helps identify when important resistance/support or pattern formation lines have been broken. To add visibility to such conditions, I have re-enabled shading by default, based on price breaking outside the extended boundary lines.
Notas de prensa: Found a bug, where a perfect storm could cause extensions to become limitlessly negative.
Notas de prensa: I kinda forgot to make the setting to turn off the new dotted extensions actually do anything. Sorry about that, fixed!
Eliminar de Scripts favoritos. Añadir a Scripts favoritos.
Not sure if tips are a thing here, but just in case you like my work...
BTC
3KmFchJ18QvMzAJKDcFQXvyK9p1EHWQdhP

BCH
qqtrw64ptuwprk5vtj3z8qwkvh3v0jawxq7khqng7x

ETH
0x9b51361A278910Ba3945C7519C9f0FA8a77df18d

LTC
MDeWWsP7XCG2zQuZ2dYALZXQ52u2qkc8fh

Thanks!
Responder
Sensitivity of the boundary extensions doesn't have to be tiny--here it is with a value of 500 (5.00% tolerance):


Again, this is adjustable in the settings of the indicator.
Responder
Nice improvement, good jobs Lemrin =D
Responder
Lemrin ICEKI
@ICEKI, Thank you! Now I wonder how possible it would be to start trying to identify (or suggest possible) patterns, based on where the bouncy line goes.
Responder
Inicio Analizador de acciones Analizador de Forex Crypto Screener Calendario económico Cómo funciona Funcionalidades del gráfico Precios Normas Moderadores Soluciones broker y sitio web Widgets Soluciones de gráficos Conseguir ayuda Solicitud de funcionalidad Blog y Noticias Preguntas frecuentes Wiki Twitter
Perfil Opciones de configuración del perfil Cuenta y facturación Monedas TradingView Mis Tickets de Soporte Conseguir ayuda Ideas publicadas Seguidores Siguiendo Mensajes privados Chat Cerrar sesión