OPEN-SOURCE SCRIPT
Atualizado FJH's Expansion Indicator
FJH's Expansion Indicator is a custom-built trading tool designed to support the unique fractal-based trading model taught at FJH's University. This indicator is engineered to help traders identify key price action patterns, focusing on high and low price levels as potential reversal points. It marks the previous candle's high and low and tracks whether the price breaches these levels before returning within the range, signaling a possible reversal in market direction.
Key Features:
Fractal Model Recognition: Identifies when the high or low of a previous candle is breached and closed back within the range, marking it as a potential entry point.
Line Visualization: Draws lines at the previous candle's high and low and keeps them visible until a valid fractal pattern is confirmed. The lines are then reset after four candles.
Stop Loss and Take Profit: The indicator draws stop loss lines at the price level where the breach occurred and sets the take profit at the closing price of the fourth candle following the pattern's confirmation.
Customization: Users can adjust the color and width of the lines, enabling full flexibility to match their visual preferences and trading style.
Designed for both beginner and advanced traders, FJH's Expansion Indicator aids in identifying high-probability trade setups, integrating seamlessly with the educational content at FJH's University. This indicator enhances your understanding of the fractal model and empowers you to trade with a structured, rule-based approach.
Key Features:
Fractal Model Recognition: Identifies when the high or low of a previous candle is breached and closed back within the range, marking it as a potential entry point.
Line Visualization: Draws lines at the previous candle's high and low and keeps them visible until a valid fractal pattern is confirmed. The lines are then reset after four candles.
Stop Loss and Take Profit: The indicator draws stop loss lines at the price level where the breach occurred and sets the take profit at the closing price of the fourth candle following the pattern's confirmation.
Customization: Users can adjust the color and width of the lines, enabling full flexibility to match their visual preferences and trading style.
Designed for both beginner and advanced traders, FJH's Expansion Indicator aids in identifying high-probability trade setups, integrating seamlessly with the educational content at FJH's University. This indicator enhances your understanding of the fractal model and empowers you to trade with a structured, rule-based approach.
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