This indicator show classic fractals and patterns of force long or short if they are on the top or on the low of a x candles, so they try to anticipate the inversion of the trend. The purple arrow indicate the fractals and the blue indicate the pattern for the inversion of the trend. For the targets and the stop we need to use Fibonacci extentions modificate with this values:
Bravo...Im just beginning to read Mandelbrot. Out of curiosty searched in the indicators his name and yours is the only one that names him in fractal indicators. Can you explain your reasoning behind the fibo ratios you use??
isaiahkain99
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Read (mis)behavior of markets recently, found a couple traders you may be interested who use Multifractal time to trade, John Holowach and JG Savoldi (BAM Investor).
But back on topic, super excited to have found this, however for some reason it's not showing up on my chart. Any thoughts? Only other indicators Im using are Ichimoku Cloud, Fib Time, and Heikin Ashi candles.
unityblue
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@isaiahkain99, try blinding mode (light mode), or changing colors, and zooming in. On phone if I show much more than 20 bars, they shrink to basically invisible.
Any other good ones you found?
nagarajbr12345
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The scrip does not work. How to activate the indicator. Can you please help me.
Orph5781
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@nagarajbr12345, i think this is an older version of pinescript
Orph5781
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wonderful script, @CipherSage256 However it is not fully working. The arrows are working but the targets/stops are not. Do you think it could be a matter of pinescript version? regards and thanks
Jimmyrockhard
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very interesting
mincho1010
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Hello, your indicator is very good! Thanks for sharing. Do you know where you could read about the Mandelbrot theory?
Pat4AM
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@mincho1010, The (Mis)Behavior of Markets is a good primer on it.