Obbar

in case you don’t know what fractal is fractal is a way of a trading by finding critical price levels those critical price levels formed every five candle The middle candle is the critical one, The high or low of this candle is considered support or resistant at the current moment.

The current implementation of fractals indicators across many platforms, tradingview one of them not that Great although it undefined the fractals however at least the hard bar for your brain to process you need to link these factors together to form a trend line , has no directions for the trend and for sure it doesn’t show you the trigger candle.

I have been working for the best three years in a new way to trade fractals A new ecosystem that has it all, support and resistance level showing the trend and also show you the trigger candle where are you can but your buy or sell order. and I call it Obbar.

Identifying the trade:

now let’s see how you can trade this indicator, first let’s identify the trend because you know trend is your friend, and since fractal does not tell you the trend, Will use OBV for this task by applying fractals concepts to OBV we can easily see in which level buyer or seller appeal, since that level is important we should also see a huge volume on those levels, and by applying this concepts we have three area bluish The green one where you should only look for buy signal, a bearish area the red one where you should only look for sell signal, indecision area the blue where are you should just ignore the market.

The trigger candle:

it’s yellow when it’s buying signal don’t forget the trend of course so if the trend is bluish and you have yellow candle The trigger candle will be buying candle.

it’s red when it’s a sell signal added to the trend you should only sell when the trend is bearish of course.

hope this indicator improve your fractal trading, have fun

リリースノート

in case you don’t know what fractal is fractal is a way of a trading by finding critical price levels those critical price levels formed every five candle The middle candle is the critical one, The high or low of this candle is considered support or resistant at the current moment.

The current implementation of fractals indicators across many platforms, tradingview one of them not that Great although it undefined the fractals however at least the hard bar for your brain to process you need to link these factors together to form a trend line , has no directions for the trend and for sure it doesn’t show you the trigger candle.

I have been working for the best three years in a new way to trade fractals A new ecosystem that has it all, support and resistance level showing the trend and also show you the trigger candle where are you can but your buy or sell order. and I call it Obbar.

Identifying the trade:

now let’s see how you can trade this indicator, first let’s identify the trend because you know trend is your friend, and since fractal does not tell you the trend, Will use OBV for this task by applying fractals concepts to OBV we can easily see in which level buyer or seller appeal, since that level is important we should also see a huge volume on those levels, and by applying this concepts we have three area bluish The green one where you should only look for buy signal, a bearish area the red one where you should only look for sell signal, indecision area the blue where are you should just ignore the market.

The trigger candle:

it’s yellow when it’s buying signal don’t forget the trend of course so if the trend is bluish and you have yellow candle The trigger candle will be buying candle.

it’s red when it’s a sell signal added to the trend you should only sell when the trend is bearish of course.

hope this indicator improve your fractal trading, have fun

リリースノート

1- Fixing the Trigger Candles issue to take in mind the rend at time.
2- Enable Coloring the Background for Trend, Red to look short trigger and green for long trigger.

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- Adding Indecision Area to background chart, so now you can see where to not take trade.

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- Now you can show the Trend Cloud with or without Trend Line and Trend Background

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Much cleaner version of the Obbar, now by default Signal Mode Is Enabled, if you want more details you can enable each one of them alone.

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Fixing the Trend Line to be more and simple.

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Enable Alert, now you can send alert for each Fractals, just create a new alert with long and short position in the alert box.

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- Enabling Alert by default.
- Enable Agnoring Trends by default.
- Enable Background Coloring for Trend By Default.

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Add Price Action to the inductor to give more power accrete singles.

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Adding Pin Par to price, Harami and Hanging Man.

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Forcing Trader to follow the Trend and only open position with trend.

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- Now you can see the OBV values to more conformation.
- You can change the trend line source from SMA - EMA - OBV - LOW - OBV-SMA - LOW-SMA - OBV-EMA - LOW-EMA.

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- Change Default Values to simple mode.
- Fixing Show Trigger Candles.

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1- Fixing the Bullish Signals

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I add the trigger candle with this now you can enter the trade to the directions of the trend , based on my strategy to fractals ( short or long ) breakout if long target will be 161 if short target usually 261.

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Fixing some issues related to the notifications

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now you can see Fractals as Shapes.

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I change the trending line to follow Moving averages and alligator lips, teeth and jaw, now you can trade the yellow candle based in direction of the trend, green go long, red go short, never ever trade the side way which the blue area.

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I try the alligator inductor did not work will on short run.

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Coloring the Short and long triggers.

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1- Back to simplicity, now you can look at chart and see the market direction in one look, the red line which is the trend line if it's above both support and resistance the market consider a bearish market and you should only look to sell, if the trend line below both support and resistance lines the market is consider a bullish market and you should only look to buy.

2- Target will be the next support or resistance in the trend line, the bigger the flat target get the more traders will see it as target.
3- your not allowed to take any trade when the trend Line in between the support and resistance the market is consider in side way trend.

リリースノート

1- Back to simplicity, now you can look at chart and see the market direction in one look, the red line which is the trend line if it's above both support and resistance the market consider a bearish market and you should only look to sell, if the trend line below both support and resistance lines the market is consider a bullish market and you should only look to buy.

2- Target will be the next support or resistance in the trend line, the bigger the flat target get the more traders will see it as target.
3- you are not allowed to take any trade when the trend Line in between the support and resistance the market is consider in side way trend.
4- How to Trade Obbar:

bay:

make sure that the market is bullish (please read above) once the market break a resistance line wait for pull back if the market create a new higher low you enter the market in bay with stop lost below the support line.

Sell:

Make sure the market in bearish trend ( please read above ) once the market in bearish trend let the market break a support line and wait for a lower high or retest to the level the market just break, once you see resistance enter the tread with stop lost above the support line.

Target: market Target will the next support or resistance.

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- Making thinks more cleaner, now when the bars is green you should only look to go long , you go short on the red candle after closing above previous fractals.

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give the market more options to get clear direction.

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We Build the Cloud for clear first look, now we can see 26 candle in future most likely where the price will be,

the strategy still same as following:

Long Trade:

1- Go Long when the Bars are green.
2- Enter Signal will be when the bar close above the last resistance line.
3- Stop Lost will be below the lowest support of the last two support lines.
4- the Future cloud need to be green.

Short Trade:

1- Go Short when the Bars are red.
2- Enter Signal will be when the bar close under the last support line.
3- Stop Lost will be above the highest resistance of the last two resistance lines.
4- the Future cloud need to be red.

never take a trade when the cloud or the candles are yellow , yellow It is indicated a side way market.

リリースノート

As asked removing the candle coloring and replace it with background color the strategy still the same:

- Long
1- background color should be green.
2- price should be above the cloud.
3- future cloud should be green.
4- wait until price create and close above last line of Resistance.
5- below the lowest of the tow last support line before the resistance line.

- Short:

1- background color should be red.
2- price should be below the cloud.
3- future cloud should be red.
4- wait until the price create support and close under it.
5- stop lost should be above the highest of the last two resistance

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Adding the fifth dimension to Obbar according to bill the balance line should be the place where the price is allows trying to go to. so stratgey still the same:

1- when the candle is green.
2- price above the balance line.
3- wait to fractal to form.
4- the future balance line should be green as will.
5- once you have candle closed above the fractal now you have the green light to enter the trade.
6- stop lost should be below the lowest of the last two support fractal.

on short trade:

1- Price should be below the Balance Line.
2- background color should be red or candles should be red
3- future balance line should be red.
4- wait for fractal to form, once you have candle closed under that fractal now you can enter the short.
5- stop lost should be the highest of the last two resistance fractal.

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showing the balance line by default.

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Adding the Awesome Oscillator to complete the 5th dimensions any by that we close all fife dimension required for trading the Chaos.

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filtering the fractals to catches only Potential elliott impulse wave, role still the same,

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Showing the Stop Loss Line instead of balance line, which you determined the trend by color of bars or background.

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Making Balance Line Show up first, Now you can have stop loss based on ATR, Or Fractal

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removing the stop loss