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Dear Richards,
The technical Definition of a fractal is a series of a minimum 5
conseceutive bars where the bar with the highest high (lowest low for a
down fractal) for an up fractal is preceded by two bars with lower highs
(higher lows for a down fractal) and is followed by two bars with lower
highs ( higher lows for a down fractal ) than the fractal high(low)
The formula for Upfractal is
(If( HIGH > Ref( HIGH , -1 ), 1 ,0 ) AND If( HIGH > Ref( HIGH , -2
),1 ,0 ) AND If( HIGH > Ref( HIGH , +1 ), 1 ,0 )AND If( HIGH > Ref(
HIGH , +2 ), 1 ,0 ))
The formula for Down Fractal is
If( LOW < Ref( LOW , -1 ), 1 ,0 ) AND If( LOW < Ref( LOW , -2 ), 1
,0) AND If( LOW < Ref( LOW , +1 ), 1 ,0 )AND If( LOW < Ref( LOW , +2
), 1 ,0 )
Put the formulas in expert with Up arrow and Down arrow in graphics with
appopriate color
Hope this will be of help
Manoj P Abraham
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