Thanks for sharing this post
Please take a look around, and feel free to .
Its seems great indicator, but it would be more interesting if turn in EA, so our order more fast and not watching the red cross full time
Can you share that indicator with us. you can p.m me or mail to [email protected]
FractalChannel is a simple yet powerful VertexFx client-side indicator script that can be used to trade breakout strategy or as a reversal strategy.
The FractalChannel is created by connecting the upper fractals together, and the lower fractals together. An upper fractal is a High surrounded by two lower Highs on both sides. Similarly, a lower fractal is a Low surrounded by two higher Lows on both sides.
A Fractal High is a decisive level at which the market failed to go higher and has exhibited reversal. Similarly, a Fractal Low is a decisive level at which the market failed to go lower and has exhibited reversal. Based on the market circumstances (trending or consolidating), it can form strong support and resistance levels. These levels can be reversal levels in consolidation mode, or breakout levels in trending mode.
The Fractal Channel indicator requires atleast 5 candles, and a valid Fractal Channel – which is the existence of the red and blue lines.
Beakout trading method:
Buy: Place buy trade when candle has closed above the upper channel (red) line at close of candle. Do not open buy trade if candle has a gap-up opening. Place stop-loss below the lower channel (red) line.
Sell: Place sell trade when candle has closed below the lower channel (blue) line at close of candle. Do not open sell trade if candle has a gap-down opening. Place stop-loss above the upper channel (blue) line.
Reversal trading methodology:
Buy: Place buy trade when candle has closed below the lower channel (blue) line at close of candle. Do not open buy trade if candle has a gap-down opening. Place stop-loss below the nearest Swing Low. Place profit-target above the upper channel (red) line.
Sell: Place sell trade when candle has closed above the upper channel (red) line at close of candle. Do not open sell trade if candle has a gap-up opening. Place stop-loss above the nearest Swing High. Place profit-target below the lower channel (red) line.
KIJUN-SEN indicator is a simplistic yet powerful VertexFX client-side indicator script that provides a good estimation of the trend. It is derived from the Japanese candlestick concepts and theory.
It is primarily used to measure medium-term momentum. In the first step, we calculate the Highest High over the recent KIJUN PERIOD bars. In the second step, we calculate the Lowest Low over the recent KIJUN PERIOD bars. The Kijun Sen is now calculated by adding the Highest High and Lowest Low, and then dividing the sum by 2. The idea behind the indicator is that in trending markets, the Highs and Lows should move in the same direction, and hence the Kijun Sen moves in the direction of the trend.
When the trend ends, or stalls, the Highs and Lows may move in the opposite direction or stall, and hence the Kijun Sen shows a divergence or a change in direction. The Kijun Sen indicator is used as a standalone indicator, or as part of the Ichimoku Kinko indicator. When used in Ichimoku method, it is often regarded as the trigger line for BUY and SELL signals.
Buy: Place Buy trade when the price closes above the Kijun Sen indicator. Do not place Buy trade if the candle has a gap-up opening. Place stop-loss below the nearest Swing Low or Support.
Sell: Place Sell trade when the price closes below the Kijun Sen indicator. Do not place Sell trade if the candle has a gap down opening. Place stop loss below the nearest Swing High or Resistance.
Parameters –
1) KIJUN_PERIOD – The period over which the Kijun-Sen indicator is calculated.
2) KIJUN_SHIFT – The shift in number of bars of the calculated Kijun-Sen indicator.