To add the Awesome Oscillator, select Add Indicator | Custom PCF Indicator, then click on the Custom PCF Indicator and select Edit.
- Plot Style: Histogram
- Plot Color: Doesn't matter (can't currently recreate the colors of the actual indicator).
- Negative Value Color: Unchecked (although this is really up to you).
- Period: 1
- Average Type: Doesn't matter (because the Period is 1).
- Formula: (AVGH5 + AVGL5 - AVGH34 - AVGL34) / 2

It is not possible to recreate Bill William's Fractal in the TC2000.com version 11 beta. It is possible to create Custom PCF % True Indicators which will place dots on the Chart when the top Fractal is identified:

Select Price History | Add Indicator | Custom PCF % True Indicator, then click on the Custom PCF % True Indicator and select Edit:
- Plot Style: Dots
- Plot Color: Up to you.
- Period: 1
- Boolean Formula: H < H1 AND H1 < H2 AND H2 > H3 AND H3 > H4

Then click on the Custom PCF % True Indicator and select Scaling and change Bottom to Manual: 99

It is possible to create Custom PCF % True Indicators which will place dots on the Chart when the top Fractal is identified:

Select Price History | Add Indicator | Custom PCF % True Indicator, then click on the Custom PCF % True Indicator and select Edit:
- Plot Style: Dots
- Plot Color: Up to you.
- Period: 1
- Boolean Formula: NOT(L > L1 AND L1 > L2 AND L2 < L3 AND L3 < L4)

Then click on the Custom PCF % True Indicator and select Scaling and change Top to Manual: 1

Bruce,

Is it possible to update this request for TC200o v12.3?

THX!

Chris

This may be posted in the Ask a Trainer - TC2000 version 7 forum, but the instructions are actually already written with steps that can be used exactly written in TC2000 version 12.3. This is because they were written for the TC2000.com version 11 beta.

That said, we can update the Fractal indicators somewhat because of improvements since then if you want to plot the the dots at the high or lows.

Instead of using a Custom PCF % True indicator, we can use a Custom PCF Indicator.

- Plot Style: Dots
- Plot Color: Up to you.
- Period: 1
- Average Type: Doesn't matter (because the Period is 1).
- Formula: H2 * ABS(H < H1 AND H1 < H2 AND H2 > H3 AND H3 > H4)

And for the other side:

- Plot Style: Dots
- Plot Color: Up to you.
- Period: 1
- Average Type: Doesn't matter (because the Period is 1).
- Formula: L2 * ABS(L > L1 AND L1 > L2 AND L2 < L3 AND L3 < L4)

These indicators should be plotted in the same pane and scale and Price History (which wasn't possible when this topic originated).

Adding and Moving Indicators

Adding a 1-Period Simple Moving Average to these Custom PCF Indicators allows you to plot the indicators at the fractals instead of at where the fractals were identified. You just need to set the Offset of the moving average indicators to -2, the Plot Style of the Custom PCF Indicator to Dots and drag the Opacity setting of the Custom PCF Indicators upon which the moving averages are based all the way to the left (making the Custom PCF Indicators invisible).

Bruce,

THX!

Bruce, I recently read Bill Williams book Trading Chaos and became interested in the fractals and looked on the Forum posts to see what I could find.  I copied and pasted the formulas from your July 26,2013 post and put them on the lower panel of a chart.  I followed your instructions regarding scaling and placing a 1 (offset -2) moving average.  The formula identified some factals but not others (at least according to my understanding of the fractal pattern).

My understanding of the Fractal Pattern is that it is a series of 5 bars with the center bar being the highest (up) and lowest (down) in the pattern.  Mr Williams states in his book that in an up fractal we are only interested in the bars' high and in a down fractal we are only interested in the bars low.  Then he notes some qualifying restrictions along with diagrams explaining various five bar patterns that all qualify as fractals.

For my purpose the one qualifying characteristic or restriction is that the highs of the 2 bars preceding the fractal bar and the highs of the 2 bars following the fractal can be ANY high.  They do not have to form a roof type pattern (^) where bar 1 is lower than bar 2 and bar 2 is lower than the fractal and bar 3 is lower than the fractal and bar 4 is lower than bar 3.

So I wrote the following formula (H2*ABS(H<H1 AND H<H2 AND H>H3 AND H>H4) and applied it.  It seems to catch more of the high fractals than the original formula but it still misses some occasionally.  I used the chart symbol TNA to check it.  I tried to change the fractal low formula but could not improve the results but as written in the July '13 post it seems to miss fractal lows with some regularity but I am not as interested in them as I seldom sell short.

Would you be so kind as to re-write the formula so that:  Today's high is < or > yesterday's high, and Today's high is < the Fractal High (high 2 days ago), and Today's high is < or > the high 3 days ago and Today's high is < or > the high 4 days ago?  I can work up the fractal low once I see the fractal high formula.

Thank you,

jg

The central bar is either H2 or L2 and not H or L. You might want to try the following for the highs.

- Plot Style: Dots
- Plot Color: Up to you.
- Period: 1
- Average Type: Doesn't matter (because the Period is 1).
- Formula: H2 * ABS(H < H2 AND H1 < H2 AND H2 > H3 AND H2 > H4)

And the following for the lows.

- Plot Style: Dots
- Plot Color: Up to you.
- Period: 1
- Average Type: Doesn't matter (because the Period is 1).
- Formula: L2 * ABS(L > L2 AND L1 > L2 AND L2 < L3 AND L2 < L4)

These indicators should be plotted in the same pane and scale and Price History (which wasn't possible when this topic originated).

Adding a 1-Period Simple Moving Average to these Custom PCF Indicators allows you to plot the indicators at the fractals instead of at where the fractals were identified. You just need to set the Offset of the moving average indicators to -2, the Plot Style of the Custom PCF Indicator to Dots and drag the Opacity setting of the Custom PCF Indicators upon which the moving averages are based all the way to the left (making the Custom PCF Indicators invisible).

Bruce,  for some reason I didn't get the email alert that I usually get when a message is posted regarding some post.  So tonight I started fooling with the formula again.  Well, miracle of miracles, I figured it out.  (I think.)  I wrote the following formulas and they are finding every bar that I recognize as a fractal bar:  For a high fractal I wrote:  H2 * ABS(H2>H AND H2>H1 AND H2 >H3 AND H2>).  For the low fractal the following:  H2*ABS(L2<L AND L2<L1 AND L2<L3 AND L2<L4).  They are both locating all the fractals I see.

I already had the dots set up and scaled as you instructed with the moving average offset.

I'm going to paste your formulas into my PCF's, and put the ones I wrote and yours (which I know will be right) on the same chart to see if I find any differences.

Thanks so much for your help,

jg

You're welcome.