nice and expecting a new version !!..styan01 wrote: Wed Feb 09, 2022 6:31 am Ahhh I understand...
Great approach. The trendline, level, and divergence filtering is a very important thing.
The fractal indicator simply analyzes 4 candles to find a specified pattern and the ZigZag collects the highest and lowest fractals in a fixed period. However the True SR Level Indicator's peak/bottom recognition analyzes the complete price movements. 80% of points are the same but my indicator analyzes with a refined method.
Two or more touches peaks/bottoms are always stronger of course and I think it's a more important filtering method. That's why I'm working on the two or more touches SR Level showing option (similarly to the 3 touches trendline recognition in True Trendline Indicator).
In any case I will think about a BB or Keltner channel or other filtering methods.
i do have strong filtering method for highest peak and lowest bottom... this get high points for forex. for binary its not required.
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