Fractal Level Zones - Break / Test / Raid
An experimental script that marks out the last two unbroken fractal high and low zones. The aim of the script is to focus on the type of candles that form and close in a zone. They can either tap into the zone or break them.
There are a number of outcomes:
- Break
- Break and retest
- Reversal
- Raid
When a zone is broken, the next untested fractal zone is printed.
How to use:
The indicator is to be used on higher time frames (M,W,D/4H). Monitor the type of candles that in form a zone (Daily TF recommended)
Default icon colours
Orange - Test of Zone
Purple - Break of fractal (can also be a raid)
Alert function included
Indicator in Use
An experimental script that marks out the last two unbroken fractal high and low zones. The aim of the script is to focus on the type of candles that form and close in a zone. They can either tap into the zone or break them.
There are a number of outcomes:
- Break
- Break and retest
- Reversal
- Raid
When a zone is broken, the next untested fractal zone is printed.
How to use:
The indicator is to be used on higher time frames (M,W,D/4H). Monitor the type of candles that in form a zone (Daily TF recommended)
Default icon colours
Orange - Test of Zone
Purple - Break of fractal (can also be a raid)
Alert function included
Indicator in Use