Fractal Arrow Prediction

Definitions

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      Fractal – The basic element of a “DNA chain”. Created by Bill Williams in the 1980’s and defined as:
      1. An UP Fractal – a sequence of 5 bars, 2 preceding bars and 2 following ones are lower than the middle one (marked as Fractal).
      2. A DN Fractal – a sequence of 5 bars, 2 preceding bars and 2 following ones are higher than the middle one (marked as Fractal).
      3. Valid Fractal – All 5 bars MUST be in the same sequence, with no interuption (like weekends).
      ZZ (ZigZag) is defined as:
      1. ZZ – A zigZag indicator that start and ends (and connects) two VALID Fractals.

      ***Note: Lately I found out that Fibonacci numbers works best, but that is not final… (13,8,5)
      ***Note: There are some “quick” ways to produce the database in FF – they are not correct in some details.

      G.

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