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Hi Richards,
That formula was for the expert advisor. Create a new expert and put the
same in the symbols section and apply the expert. It will highlight the
points where these occur.
If u want to plot the same as lines check this out
Use Indicator Builder to create these two indicators.
Fractal Up
ValueWhen(1,(( HIGH > Ref( HIGH , -1 ) ) AND ( HIGH > Ref( HIGH ,
-2 ) ) AND ( HIGH > Ref( HIGH , +1 ) ) AND ( HIGH > Ref( HIGH , +2
))),C)
Fractal Down
ValueWhen(1,((( LOW < Ref( LOW , -1 )) AND ( LOW < Ref( LOW , -2 ))
AND ( LOW < Ref( LOW , +1 ))AND ( LOW < Ref( LOW , +2 ) ))),C)
I use the fractals ( we call it as minor tops and minor bottoms ) to add
on to my existing position .
Hope this helps
Manoj P Abraham.
From: "M Richards" <m4murray@xxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: RE: Fractuals
Date: Mon, 19 Oct 1998 19:40:17 +1300
Reply-To: metastock@xxxxxxxxxxxxx
Hi,
Is it possible to write this formula in a way that I can run system
tests
on it. In the formulas current format it plots 1 when the condition is
met
otherwise 0. I wanted to test what the average move was when the
security
rose or fell below a fractual.Can I plot them as a line ??
What is a good book to read to learn how to write formulas as the
manual
quickly gets over my head. Is there a Dummies Guide to Formulas ??
Thank You,
Murray
> 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 >
(
> 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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