Ok, I had actually forgotten how the RotationsNT8v1 was working as I do not actively use it any more, I do use the FractalSwing indicator each week to get the rotation statistics which I use in SierraChart.

So after you run the FractalSwing indicator on a set number of days, use the Mode number to input into the minimum rotation amount which will get the bands to calculate close to the percentile outputs of the FractalSwing calculator.

Can you help answer these questions from other members on futures io?

Just one query . You mention that if mid of a 2sd rotation is hit , there is 48.5%chance of break top and 48.5% chance to hit rotation mid . Which rotation mid are we talking about here? The rotation move's mid is already hit . Are we talking about the mid of the countertrend as shown by the red line ? If so then isn't it a pullback and not necessarily a rotation ?

Might have been a typo in the diagram, I think it was supposed to be 48% to hit the 2sd rotation finish, or 48% to hit the 2sd rotation start (after Mid has been tagged). So essentially once mid is tagged there is equal chance* of the top or bottom of the rotation being hit.

* based on historical analysis, past performance not indicative of the future results, etc, etc..

Please see the attatchments . I got the 3 minute fractal mode and 1sd and 2sd data . I then made a unirenko chart with the brick size same as the fractal mode and put up the rotation indicator and fed the mode and 1sd and 2sd data. The issue I am facing is that I am getting almost all the signals outside 2sd . Not even 30 minutes in (and it stayed that way throughout the day). It has been the same ever since I have been using this and moreover today was a rangebound day with very narrow range . Is there something wrong that I am doing ?

Was the tick size 0.05 for the Nifty? the FractalSwing output is in the measurement as the instrument (not ticks), so Mode of 14 would be 280 ticks.

The RotationsNYv1 indicator is in ticks (maybe where the confusion is), so for the MinimumRotationAmount should be closer to 280.

Also, the 1Sd & 2SD need to be percentiles, so 0.7 & 0.9, which would be similar to the FractalSwing output. This might be what is causing you confusion as this indicator attempts to auto calculate the percentile bands for you, rather than you entering them manually like you have.

When I get a change I will make a v2 indicator that allows you to just put that value you want for each band. (so you can input the values from the FractalSwing indicator)

This version is different to v1 in that it does not attempt to auto calculate the percentile bands and allows you to just enter values. Also I have made the unit values consistent with the FractalSwing indicator so you do not have to convert to ticks.

The following 2 users say Thank You to amoeba for this post:

Thank you for being so patient with me ! So I am using the 1 minute information only . Feeding the fractals info to rotation study as it is . Say the mode is 8 points and tick size is 0.05 . SO ,Using a renko chart of the brick size 160 to get an even brick of 8 points . The chart looks normal now . Thank you !

You can also use a smaller brick size & just leave the MinRotationSize=8, this should give the same result but with better resolution, depends on your preference