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Re: Fractuals · To: metastock@xxxxxxxxxxxxx · Subject: Re: Fractuals · From: "Manoj Abraham" <manopab@xxxxxxxxxxx> · Date: Tue, 06 Oct 1998 21:30:44 PDT · Reply-To: metastock@xxxxxxxxxxxxx · Sender: owner-metastock@xxxxxxxxxxxxx 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) | ||||||||
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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 )
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