The sole purpose of this script is to demonstrate what's possible to make with Pinescript, namely to display images (2D Fractals in this case). The script consists of two functions: one that generates the values of a fractal and one that displays them (utilising table) with each cell being used as a "pixel". We can control the "resolution" of image, as well as...
This script produces a band range that uses a stochastic volatility process to come up with maximum and minimum price ranges over the specified period (using the length variable). The sample used to predict volatility can be modified using the VolLength parameter, and the extremes can be modified using the VolInflator parameter. For example, a VolLength of 30...
This is an experimental study based on Benoit Mandelbrot's fractal dimension concepts. Fractal dimension is a ratio providing a statistical measure of complexity comparing how detail in a pattern changes with the scale at which it's measured. The concept of a fractional or fractal dimension was derived from an unconventional approach to standard geometric...
Have you ever wonder how the Elliott Wave looks like? If you trade with price action you are going to love this stuff... It is based on the same Mandelbrot Chaos Theory principles in order to trade with Bill Williams fractals. Chaos Trend Wave indicator displays in your chart the different Elliott wave layers making price action trading very intuitive. The...
This Indicator based on Mandelbrot Chaos Theory clearly shows Trends and Swings as a colored strip in the bottom of your screen. It does not repaint, work well in all timeframes and it is alert friendly. Adjust colors and brightness and use it in conjunction with your trading system.