INVITE-ONLY SCRIPT
4 Power Fractal Bands
已更新
Four moving average bands, based on the golden proportion (Phi, 1.618).
Allow, in a combined fashion, for a better understanding of price trend and structure.
Each band represents a relevant fractal size, and depending whether they are turned upwards or downwards, and aligned or not, it is possible to better orient one's expectations towards more likely price direction. Discreet levels or areas are also more likely points of reversal.
When bands are turned upwards, they get a darker green background when expanding, and a lighter one when contracting. Same goes with bands turned downwards, but with the red color.
Larger fractals / bands represent, naturally, more powerful forces.
Can be used also with other sources (e.g. OBV).
Important 1: no explicit buy or sell signals are intended by the use of this reading. It is still necessary to consider other aspects, including risk managament, before entering or exiting a trade. Still, the reading facilitates picking a side with better odds of success.
Important 2: This version is intended for testing and feedback from within coder's network of contacts.
If you are interested in learning more about the theories behind this indicator, please DM.
Allow, in a combined fashion, for a better understanding of price trend and structure.
Each band represents a relevant fractal size, and depending whether they are turned upwards or downwards, and aligned or not, it is possible to better orient one's expectations towards more likely price direction. Discreet levels or areas are also more likely points of reversal.
When bands are turned upwards, they get a darker green background when expanding, and a lighter one when contracting. Same goes with bands turned downwards, but with the red color.
Larger fractals / bands represent, naturally, more powerful forces.
Can be used also with other sources (e.g. OBV).
Important 1: no explicit buy or sell signals are intended by the use of this reading. It is still necessary to consider other aspects, including risk managament, before entering or exiting a trade. Still, the reading facilitates picking a side with better odds of success.
Important 2: This version is intended for testing and feedback from within coder's network of contacts.
If you are interested in learning more about the theories behind this indicator, please DM.
版本注释
Updates:Support for Micro Fractal (Supertrend).
Trend analysis w/ Fractal Sizes Options.
版本注释
Version 1.2:- Now it's possible to control if Small, Medium, Large or XLarge Fractals are printed as well.
- Bands will show attention colors if price is below positive fractals' middle lines, or above negative fractals' ones (can be turned off).
版本注释
Minor changes.仅限邀请脚本
仅限作者授权的用户访问此脚本，并且通常需要付费。您可以将其添加到收藏中，但是只有在向作者请求并获得许可之后，才能使用它。 请联系PhinkTrade了解更多信息，或按照以下作者的说明操作。
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
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