FCB – Fractal Chaos Bands

v10.3
FCB – Fractal Chaos Bands

Fractal Chaos Band indicator helps us to identify whether the stock market is trending or not.
When a market is trending, the bands will have a slope. If market is not trending the bands will flatten out.
As the slope of the bands decreases, it signifies that the market is choppy, insecure and variable.
The graph becomes more and more abrupt, be it going up or down. The significance is that the market becomes trendy, or stable.
This indicator is used similarly to other bands-indicator offering trading opportunities when price
moves above or under the fractal lines.

The upper fractal line is made by plotting stock price highs and the lower fractal line is made by plotting stock price lows.
Essentially, the Fractal Chaos Bands show an overall panorama of the price movement. As they filter out the insignificant fluctuations of the stock price.

I coded this indicator following a request on the italian forum https://www.prorealcode.com/topic/fractal-chaos-band/.

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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Related users ' posts
Nicolas
10 months ago
Maxime Baudin Well done Nicolas, creative!
Stenozar Hi Nicolas, please can you explain how to read/use this indicator? thanks!
Sever
2 years ago
Nicolas Sorry there was a small issue in the code, i have changed the attached itf file and updated ...
Mitchy14 Hi Nicholas, apologies, I am usually fairly good at implementing your creations (for which I...
Nicolas Are you using PRT version pre-v11? TIMEFRAME for indicators is possible since months for pro...
Guibourse Hi, I'd like to increase the thickness of support and resistance lines. I do not think that ...
JJ Tec Hello. Thanks for the great contribution of the indicator. At the moment, I have modified i...
Khaled Hi Vonasi, I tried to embed your PP Fractals code in a Strategy and it seems to be a good fi...
Nicolas Il doit s'agir d'un mauvais copier/coller. Je suggère de télécharger le fichier itf contenu ...
Bard Hello @Nicolas, I can get this to display in a separate indicator panel but not on Price as ...
Stenozar Hi @Nicolas, how can I put the bands on price? Thanks, Stefano
Fabian Hi IV Mcm, have you drawn the rectangles (Dinamic, Range) by yourself in the chart or are...
IV Mcm Myself to illustrate ;)
Nicolas Oui le code est correct et il fonctionne, j'ai de bons résultats sur la liste NASDAQ par exe...
pincherman Bonjour :-) J'ai coller le script dans prorealtime pour jouer avec le supertrend et j'ai un...
Nicolas Vous l'avez sans doute collé au mauvais endroit, dans l'éditeur de code pour les stratégies,...
Vonasi There are actually two ways to calculate standard deviations and I seem to have used the ver...
Rory Dryden Thank you. Experimenting with it now.
Wolf Hi Vonasi. Thank for this indicator. I like this calculate concept. I think that line 16 thi...
Vonasi Well spotted! It is just a safety check to ensure that no value below 1 can be used otherwis...
Reddington Hi Vonasi! Really nice work, is it possible to re-create this to work in 10.3? Best regards ...
Vonasi Thanks for the compliments. No this is not easily possible in v10.3 because it uses arrays w...
bruces Hi and thank you. I successfully imported original version above and added to my Prorealtim...
Bard Very interesting approach Vonasi! I'm getting a 404 error when trying to download though?
Vonasi I just tested and I was able to download with no error.
Psari Hi Vonasi, I am a newbie and was wondering whether you could possibly help me with this pro...
Nicolas change the lastline with: RETURN lastsig and check if lastsig change its value with the a...
nectouxg Hello Nicolas, I will try tonight when I get home, just one last question, I trade the DA...
FXtonio Bonjour, j'ai un problème avec le code, il me dit que ce n'est pas correct ligne 26-27-28: ...
Vonasi A modified version of this indicator can be found here: https://www.prorealcode.com/topi...
abhay I am getting a shading between the lines, how can I avoid that. I just want to see lines as ...
Vonasi Delete the 'Color Zone' in the indicator settings window.
Brisvegas Thats Awesome thank you
Vinks_o_7 Thanks Vonasi !
Tarkus1954 Hi. When I add this indicator it loads it in a separate window. How do I get the indicator...
Nicolas By adding it on the price chart. Use the wrench on the left upper side of the price chart.
ervelasco Thank you for your posting! I was missing the indicator when trying to select Keltner bands ...

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