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Nested Fractals

Note: If you find bugs, have feature requests, or anything else, post in THIS thread.

Fractals are a common bar pattern, created in a consecutive 3-bar series, where the bar in the middle is higher than the two on either side. This creates a fractal high.

In this indicator, that is created by what I have labeled as "Level 1." (see properties section in image).

This indicator also creates FRACTALS OF FRACTALS. So that means, if a Level 1 fractal exists, and has a LOWER Level 1 fractal on both sides of it, it creates a Level 2 fractal high.

This is done up to Level 5, and creates a series of swing points.

The indicator can display dots or numbers.

The parameter labeled "show triggers" shows an arrow with the corresponding color, WHERE on the chart the most recent fractal swing was actually confirmed. I.e., a Level 1 fractal high is confirmed at the END of the third bar.

The marker offset simply raises the marker text higher or lower above the bar.

I dunno what use this has, but is one of the experiments I have laying around, so thought I'd post it?

NOTE: Installing this indicator will create a folder called "BTMM," that's where the indicator will be.

Category NinjaTrader 8 Indicators and More

Details: Nested Fractals
Category: NinjaTrader 8 Indicators and More

November 24th, 2020
Size: 4.60 KB
Downloaded: 652 times

Keywords: fractal fractals swing zag zig

Comments/ratings

tcwairoa November 25th, 2020 03:22 AM

For an 'experiment' forrestang, you've done good. Many thanks.

pnguyen720 November 25th, 2020 12:38 PM

Isn't this just the Swing indicator included with NJT 8?

billaulakh December 6th, 2020 02:00 PM

Thanks

Buscador December 14th, 2020 12:24 PM

Many Thanks.
I'll test it since it is new for me and don't know how it'll work on Range bars.

shaisamuel January 23rd, 2021 02:22 PM

Thanks, it looks great. I would love to test it using BloodHound, But for some reason BH doesn't see it, any idea why?
Thanks a lot for sharing.

romus October 6th, 2021 01:11 AM

Thank you!

jstu November 11th, 2021 08:21 PM

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