Trend Break Fractal

Category: market_structure, trend

Identifies Bill Williams style fractals and generates buy/sell signals when price breaks the trendline formed by two consecutive fractals of the same type.

Formula

1. Fractal Up: High[i] > High[i +/- n]. 2. Fractal Down: Low[i] < Low[i +/- n]. 3. Trendbreak: Close[k] > High[Fractal2] (Buy) or Close[k] < Low[Fractal2] (Sell), where Fractal2 is the subsequent fractal after Fractal1 without price breaching Fractal1's extreme.

Inputs

See signal primitives and every published strategy that uses Trend Break Fractal on WOBR StrategyVerse.

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