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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Sever
5 months ago
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Bard Very interesting approach Vonasi! I'm getting a 404 error when trying to download though?
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Vonasi Delete the 'Color Zone' in the indicator settings window.
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ottimo Thank you Nicolas, great indicator, N. 1
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