•Did you learn how to ride a bike by reading a book?

[suri112000]

Hi Suri

This Buy Fractal and Sell Fractal logic is the basis of the T3B system. T3B has following more filters/conditions added to it.

1) Charting is End of Day only.
2) Trade decisions are made after hours when markets are closed and orders are added to the trading system for next trading day.
3) High (or Low) being broken upwards (or downwards) needs to be a significant one (3 month, 6 month, 1 year, ... 5 year and so on)
3a) And also the overall trend for the scrip is in congruence with the intended trade.
4) Accumulated Volume needs to be above 125 day simple moving average
5) KRA Line needs to be low. KRA is the only thing for which formula is not 100% accurately known.
6) Position may be Long, Short or nothing. It is not unwise to avoid being in market all the time.

P.S. Did you not read the famous best-selling book that teaches riding a bike by reading a book?

Fractals are originally introduced by Bill Williams in Allegator System. His chaos theory is the root for many systems.

I want only the fractal to be shown on the chart. No further confirming indicators which has no limit.

The aim here is profiting from it, not making a robust trading system. Inconsistencies are even with most believed to be confirmed signals. The price is chaos which no system or person has successfully predicted and will not happen in future too.

Even I missed the best-selling book.

Suri

My humble suggestion is to add following two lines in AFL to plot the lines

Plot(SellFractal, "Up", ParamColor("Up Fractal Color",colorBlue), styleNoTitle| styleStaircase | ParamStyle("Up Fractal Style", styleLine) | styleNoLabel);
Plot(BuyFractal, "Down",ParamColor("Down Fractal Color",colorRed), styleNoTitle| ParamStyle("Down Fractal Style", styleLine)| styleNoLabel);

and to get rid of following four lines (that rely on future quotes)

NewSellFractal=(Ref(SellFractal,2) > Ref(SellFractal,1) OR Ref(SellFractal,2) < Ref(SellFractal,1)); 
NewBuyFractal=(Ref(BuyFractal,2) > Ref(BuyFractal,1) OR Ref(BuyFractal,2) < Ref(BuyFractal,1) );
PlotShapes(IIf(NewSellFractal,shapeUpTriangle,shapeNone),colorBlue,0,Low,Offset=-18);
PlotShapes(IIf(NewBuyFractal,shapeDownTriangle,shapeNone),colorBlack,0,High,Offset=-18);

Will do great even without lines. A fractal is right when it sees through next 2 future quotes. Not much of a problem if we exactly know how it is formed.