Registered User
Joined: 2/20/2005
Posts: 6
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Hi,
I am trying to create indicators. The criteria are as follows
1. The indentification of fractal.
Fractal defined as
- H of the day which is higer then 2 days on either side.
or H & H1 may be equal but they are higher then 2 days on either
side.
The fractal found shoul be in uniqe colour.
2. On this basis I am trying to draw graph of fratcal volume, defined
as a four day average of the volume leading upto and including
fractal day.
Any suggestion how I can achive this.
Thanks in advance.
Kiran
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I do not know of a method to make the Fractal a different color. You may wish to try the following:
Select Chart Template | Add Indicator | Indicator.
-Visible: Checked
-Center Zero Line: Unchecked
-Plot using price scale: Unchecked
-Smoothing Average: 1
-Indicator Formula: ABS(SGN(H < H2 AND H1 < H2 AND (H2 > H3 AND H2 > H4) OR (H2 >= H3 AND H2 > H4 AND H2 > H5)))) * AVGV4.2
If I'm understanding your description, it should plot the Fractal Volume two periods after any identified Fractals.
You may wish to review the following:
Plotting Custom Indicators with Examples
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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