A fractal is a pattern in math or nature that appears at larger and smaller scales. The veins in a tree look like a tree…a pebble looks like a boulder which looks like a mountain, etc.
The institutional trading computers stop and bounce off of the same price levels, across days and weeks of trading. But you couldn’t possibly calculate that by hand, or see the thousands of “fractal pivots” in your mind’s eye when you trade.
The FLUX FPC support and resistance indicator goes out, thousands of bars back, and brings you a clean graphical display of which pivots have “bounced” over and over again…making those price levels glaringly obvious for you to trade off of. It makes trading easier, allowing you to set targets and stops better, and helping you understand where highs and lows of day could potentially be, as well as quickly finding profitable clusters of institutional support and resistance. This support and resistance indicator/tool, in combination with the FLUX MARKERS, is an ultra-powerful intersection. Where time and price align—there are great opportunities to trade.
FLUX FPC Lines
Features
- Allows you to set the “start” time of your look back. Start an hour before you start trading, or 1 minute before you start trading to maximize the most recent fractal pivots
- Allows you to set the look back for the data mining engines…from 1 bar back to thousands of bars back spanning multiple days and weeks.
- Allows you to set a pivot threshold of important. Set it to “20”, and you are asking the data mining engines to find all the pivots with 20 candles above or below each bounce.
- Allows you to set a “cream of the crop” filter…and only see the top “X” percent of the found fractal pivots.
- Allows you to display the top and bottom (max min) pivots as black (or white) lines, and all other lines thicker/thinner or lighter/darker or both to determine which pivots recurred the most often, and which the least often.