Fractal Chaos Bands (FCB)

Category: volatility, trend

Calculates price bands based on recent fractal highs and lows, filtering out market noise to show the range of price chaos.

Formula

\begin{cases} \text{Fractal High}_t = \text{high}_{t-1} & \text{if } \text{high}_{t-1} > \text{high}_{t-2} \text{ and } \text{high}_{t-1} > \text{high}_t \\ \text{Fractal Low}_t = \text{low}_{t-1} & \text{if } \text{low}_{t-1} < \text{low}_{t-2} \text{ and } \text{low}_{t-1} < \text{low}_t \\ \text{Upper Band} = \max(\text{Fractal High}, \text{period}) \\ \text{Lower Band} = \min(\text{Fractal Low}, \text{period}) \end{cases}

Inputs

• Period (default: 20)
• Show Fractal Points (default: false)

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