Would be interested to see if this ES/DJIA system works over a bigger time frame. It’s designed for 5 min bars. Can someone with more data please test and show the results?
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cp=4//(default)
ifhigh[cp]>=highest[2*cp+1](high)then
LH=1
else
LH=0
endif
iflow[cp]<=lowest[2*cp+1](low)then
LL=-1
else
LL=0
endif
ifLH=1then
hil=high[cp]
endif
ifLL=-1then
LOL=low[cp]
endif
z=hil-lol
zz=close-hil
x=zz<.1*z
//return lol coloured(255,0,0) as "Low Fractal",hil coloured(0,255,0) as "High Fractal"
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