Fractal Up and Fractal Down Expert by Manoj P. Abraham Metastock Expert Advisors Forex Trading Systems - XEATrade - Metatrader, Metastock, Tradestation, Amibroker

Description: 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)

Fractal Up and Fractal Down Expert

Up Fractal 

(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 )) 

Down Fractal

(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 )

Author/Source: http://www.guppytraders.com

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