- Daily Pivots
- I keep the Daily Pivots indicator as a possible Support/Resistance point (I do not put too much
emphasis on this indicator; more of a basic gauge of the market). - Fractal Dimension Channels (0.5, 1.0, and 2.0 Dimensions) - the green dashed line is the 2nd Dimension Fractal Channel, and is used as a possible stoploss point
if I think that the 1st Dimension Fractal Channel is too close to the price; also used as a Major
Fractal Breakout.
- the purple dashed line is the 1st Dimension Fractal Channel, and I use this for stoploss points
- the solid purple line is a very tight Fractal Dimension Channel I made using the same programming
structure of the 1.0 and 2.0 Fractal Dimension Channel indicators (since it was tighter than the 1.0
Fractal Dimension Channel I simply called it 0.5); I use this as my entry points. - Fractal Histogram - in order to see the entry points more clearer I made this histogram to reflect the price breaking out
of the 0.5 Fractal Dimension Channel; the blue lines represent the price breaking out above the 0.5
Fractal Channel, and the red lines represent the price breaking out below the 0.5 Fractal Channel. - CCI Histogram
- this is used as a confirmation for my entry points; the colour of this indicator has to match the colour
of the Fractal Histogram; if it does not do not enter a trade.
Wednesday, 14 March 2012
Current Fractal System
Indicators: