Jump to content



Next High Impact Market News Event:
Retrieving events...

Toggle shoutbox The Traders Chat Open the Shoutbox in a popup

Please be respectful in the chat and watch your language & arguing. Read the forum rules.
@  wags : (24 September 2016 - 04:21 PM) @ itsclub bigreversal is based on pa of candles before a reversal and then the big reversal candle , take a look at the thread and also naked chart thread
@  wags : (24 September 2016 - 04:19 PM) @ csandberg i think blue is working back to front, bullish candle is coming before bearish
@  wags : (24 September 2016 - 04:18 PM) that would be good let us know how it goes , ye the big reversal looks good needs a bit of tweaking and it could be brilliant
@  ItsChub : (24 September 2016 - 04:08 PM) Recently I have just been trying to trade with the trend and ride momentum. I was back testing today just with an RSI and 21 EMA. See what it's like next week and if it works okay I will post it up. Not good for volume however I would be happy with two solid trades a day
@  ItsChub : (24 September 2016 - 04:06 PM) Yeah i like to try and trade during the London session but I can't because of work. I see you have been working on the PA Big reversal, how does it work?
@  wags : (24 September 2016 - 04:02 PM) its annoying when you work all week and can only trade on an evening if your lucky
@  ItsChub : (24 September 2016 - 04:01 PM) Got a week off and heading to Barcelona. Hoping to squeeze a couple of hours in a day whilst I'm not working.
@  ItsChub : (24 September 2016 - 04:00 PM) Hard work pays off! Is it sad that I can't wait for Monday when the markets start again ? Doesn't anyone else get that?
@  wags : (24 September 2016 - 03:57 PM) yeh mate doing to much lol , noy trading live with my strat yet as want to get entry correct but i think ive sorted it
@  ItsChub : (24 September 2016 - 03:55 PM) Take it you have been busy wags. You still trading live? Hope all is well your end
@  wags : (24 September 2016 - 03:41 PM) :) no problem
@  ruhul : (24 September 2016 - 03:31 PM) Great, thanks :)
@  wags : (24 September 2016 - 03:29 PM) @ ruhul yes mate i have a good update coming i will try to get rules done tonight and post
@  ruhul : (24 September 2016 - 03:19 PM) @wags hi, will there be any update soon of your thread http://www.binaryopt...testing-needed/ ?
@  wags : (24 September 2016 - 03:04 PM) @ csandberg take a look :) http://www.binaryopt...ge-2#entry88875
@  wags : (24 September 2016 - 02:45 PM) @ forum needs to add ,set to their file upload setting if they want people to upload , but just do what ned says zip it up :)
@  csandberg : (24 September 2016 - 02:43 PM) @neddihrehat thx
@  neddihrehat : (24 September 2016 - 02:39 PM) I suppose.
@  neddihrehat : (24 September 2016 - 02:39 PM) @csandberg you can just zip the whole thing. It's okay either way.
@  csandberg : (24 September 2016 - 02:34 PM) But nedd nows right!!

Photo

Reversal Fractal Indicator

Reversal Fractal indicator RFI

  • Please log in to reply
22 replies to this topic

#1 Chris

Chris

    Member

  • Members
  • PipPip
  • 37 posts

Posted 03 October 2013 - 10:24 AM

While doing some reading recently, I discovered an intriguing and possible useful binary options/forex indicator for Meta Trader 4. The indicator “examines 5bar and 7bar fractals and highlights those which seem to be price reversals”. By utilizing arrows to point out possible reversals, the indicator attempts to indicate price reversals. The indicator is called a “Reversal Fractal” indicator and as most are, it is a lagging indicator. What was most interesting to me about this particular one is how simple and clean it is, yet quite accurate on time frames as low as five minutes. With a little bit of code/rule modification (perhaps from our own community) I think this could prove to be a pretty solid gem.

 

As you can see it is extremely simple, and can be run on a multitude of different charts simultaneously in order to keep the signals more frequent. Using it is as easy as placing ones trade in the direction of the arrow at the time the signal is given, meaning quite simply: Up arrow signifies a call, while a down arrow signifies a put. I am eager to see what comes of this and have posted it on the Binary Options Edge forums with a download link to the indicator. I look forward to hearing some discussion about this.

 

I have attached the indicator as a file.

 

 

Attached Files


  • haim likes this

#2 donchard

donchard

    Newbie

  • Members
  • Pip
  • 2 posts

Posted 10 October 2013 - 07:42 PM

It looks very good thanks



#3 Chris

Chris

    Member

  • Members
  • PipPip
  • 37 posts

Posted 10 October 2013 - 09:25 PM

It looks very good thanks

 

You're quite welcome :)



#4 bangcockman

bangcockman

    Member

  • Members
  • PipPip
  • 107 posts

Posted 14 October 2013 - 10:03 PM

Does this fractal indicator repaint?



#5 Chris

Chris

    Member

  • Members
  • PipPip
  • 37 posts

Posted 15 October 2013 - 06:57 AM

It does NOT repaint. However there are similar indicators that do.



#6 albusaidy99

albusaidy99

    Newbie

  • Members
  • Pip
  • 5 posts

Posted 17 October 2013 - 02:19 AM

can we use it in one hour candle frame



#7 Chris

Chris

    Member

  • Members
  • PipPip
  • 37 posts

Posted 17 October 2013 - 07:01 AM

can we use it in one hour candle frame

It is actually easier to use in my opinion on larger time frames. I used it on 30 minute bars but I don't see why 1 hour would be any less successful. Give it a go!



#8 albusaidy99

albusaidy99

    Newbie

  • Members
  • Pip
  • 5 posts

Posted 17 October 2013 - 01:17 PM

It is actually easier to use in my opinion on larger time frames. I used it on 30 minute bars but I don't see why 1 hour would be any less successful. Give it a go!

thanks for reply but the signal is coming late 3 candles before not the close of current candle



#9 Chris

Chris

    Member

  • Members
  • PipPip
  • 37 posts

Posted 17 October 2013 - 03:18 PM

thanks for reply but the signal is coming late 3 candles before not the close of current candle

You can change the settings to when the signal comes. I explained this in my original post which was on the front page.



#10 GhostNL

GhostNL

    Newbie

  • Members
  • Pip
  • 5 posts

Posted 18 October 2013 - 02:37 AM

I downloaded the file but can't seem to apply it to MT4. Never done this before anyone can help me out here?



#11 Guest_Dennis189_*

Guest_Dennis189_*
  • Guests

Posted 18 October 2013 - 03:31 AM

Hi,

 

This indicator is only usefull to see a possible change of trend. 

Do not use these signals to enter a trade.

 

Run strategy tester to see how it really works.

 

Kind regards,
Dennis



#12 Guest_Dennis189_*

Guest_Dennis189_*
  • Guests

Posted 18 October 2013 - 03:32 AM

@ GhostNL,

 

Another Dutchman?

 

Anyway, to add a indicator in mt4 : http://forums.babypi...icator-mt4.html

 

Kind regards,
Dennis


  • Binaire0ptie likes this

#13 boatran8

boatran8

    Member

  • Members
  • PipPip
  • 26 posts

Posted 18 October 2013 - 04:41 AM

Hello,

 

Please someone add an email alert to this indicator.

 

Thanks



#14 albusaidy99

albusaidy99

    Newbie

  • Members
  • Pip
  • 5 posts

Posted 18 October 2013 - 05:29 AM

i still couldnt change the signal to appear in the last candle. its coming late 3 candles



#15 Guest_Dennis189_*

Guest_Dennis189_*
  • Guests

Posted 18 October 2013 - 05:58 AM

@ albusaidy99

 

That is why I said that this indicator is only usefull to look for possible change of trend.

 

It's just a zigzag that plots arrows when top/bottom allready formed, which I think is useless.

 

Kind regards,

Dennis



#16 Chris

Chris

    Member

  • Members
  • PipPip
  • 37 posts

Posted 18 October 2013 - 10:01 AM

@ albusaidy99

 

That is why I said that this indicator is only usefull to look for possible change of trend.

 

It's just a zigzag that plots arrows when top/bottom allready formed, which I think is useless.

 

Kind regards,

Dennis

I supply strategies for people to have something to build off of. I understand you may not find this useful but if someone somehow is able to take the coding or utilize the indicator in a personalized strategy then good for them. I only wish to give people the possibility of success, not give them an easy out.


  • ronald123 likes this

#17 tommbstone

tommbstone

    Member

  • Members
  • PipPip
  • 81 posts

Posted 27 December 2013 - 02:16 AM

A normal fractal (the one that comes with mt4) will not paint until a 3 bar reversal.  I can only assume this one is the same.  that is why you don't get the fractal arrow for 3 finished candles. 



#18 christmeal

christmeal

    Newbie

  • Members
  • Pip
  • 1 posts

Posted 18 August 2014 - 06:41 AM

Would it be possible to combine this indicator with some kind of neural network predictor, to make it slightly more useful? How would we do that? 



#19 Tripack

Tripack

    Moderator

  • Moderators
  • 1,434 posts

Posted 18 August 2014 - 06:51 AM

my sole opinion but forget about the NN thing.


In order to become successful, first stop doing what unsuccessful people do.


#20 bargain8223

bargain8223

    Member

  • Members
  • PipPip
  • 65 posts

Posted 04 September 2014 - 12:16 PM

CAN ANYBODY MODIFY IT SO SIGNAL NEVER COME LATE 3 CANDLE







Also tagged with one or more of these keywords: Reversal, Fractal, indicator, RFI

0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users


USA REGULATION NOTICE: There are many binary options companies which are not regulated within the United States. Most of these offshore companies are not supervised, connected or affiliated with any of the regulatory agencies such as the Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA).

Please take notice that any unregulated trading activity by U.S. Citizens should be considered unlawful.

Risk Disclosure: Binary Options Edge does not accept any liability for loss or damage as a result of reliance on the information contained within this website; this includes education material, price quotes and charts, and analysis. Please be aware of the risks associated with trading the financial markets; never invest more money than you can risk losing. The risks involved in trading binary options are high and may not be suitable for all investors. Binary Options Edge doesn't retain responsibility for any trading losses you might face as a result of using the data hosted on this site. The data and quotes contained in this website are not provided by exchanges but rather by market makers. So prices may be different from exchange prices and may not be accurate to real time trading prices. They are supplied as a guide to trading rather than for trading purposes.