EmpiricalFX

Fractal Adaptive Entry Indicator

This entry indicator was inspired by John Ehle'rs "Fractal Adaptive Moving Average"

It's a very sensitive entry indicator that must be paired with a long-term trend detector in order to filter false positives.

Warning I have not backtested this indicator and will not make any claims to its performance.
Visually, it looks promising, however, backtesting and statistical analysis takes time.

Happy trading
<3
Versionshinweise: Now with signal dampening setting -> ignore false positives during sideways motion with a tunable setting.
Versionshinweise: Removed plotting of FRAMA line and changed shape colors.
Added multi-timeframe support
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Kommentare

Is it possible to add alerts on this?
Antworten
Signaldampening seems to remove every signal on GBPJPY whatever timeframe is as long as it is above 0.00, it kills signals.
Antworten
EmpiricalFX greenmask9
@greenmask9, It's a percentage-based filter. I set it to 0.005 (0.5%) on GBPJPY and removed some false positives. It also references the Average True Range of an asset. So if there's very low volatility, the filter may remove all signals.
Antworten
greenmask9 EmpiricalFX
@EmpiricalFX, I imagine this function will be very useful for beginners. I hope they find your script :)
Antworten
Seems very promising, will test it.
Antworten
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Preise Einen Freund empfehlen Hausregeln Hilfe Center Webseite & Brokerlösungen Widgets Charting Lösungen Lightweight Charting Library Blog & News Twitter
Profil Profileinstellungen Konto und Abrechnung Angeworbene Freunde Coins Meine Support Tickets Hilfe Center Private Nachrichten Chat Abmelden