- “p” setting is quantity to confirmed the quadratic regression has formed a High or Low parabola, such as Fractals. Consecutive same signals can happen due to the use of different price values for upper and lower semaphore.
- Adjust the settings to your instrument and time frame.
- Alerts included.
Success with your trade¡¡
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
The biggest flaw with it, is that it sometimes gives a fake reading of 1 bar where you are in a trading range. Perhaps a condition such as it must last at least 3 bars for it to give a positive reading could be introduced. Also its ugly as hell, so feel free to copy and modify it as you please @Dreadblitz