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Date/Time: Tue, 30 Apr 2024 04:05:25 +0000

Post From: Differences in SC's version of Bill Williams Fractals Study

[2021-09-21 05:08:32] Link To Thread - Link To Post [Go To First Post]
User68474 - Posts: 195
Thanks, John. I've seen and contemplated that/your link with the "math" many,many, many times. As I stated, I MUCH prefer what you've brilliantly done with this "math". I remain amazed that certain (if not all) of the other platforms, which purportedly use the same formulae (esp. MP5 and Tradestation, which Williams himself lent/sold/sanctioned his own softwear to and refers to way back in the 2004 Second Edition of "Trading Chaos"), all seem, by comparison with SC, to signal many more(and way too many!) of the obvious "high/low of the past five bars as long as preceding and following two bars are lower/higher" prerequisite-type fractals. I'll repeat. SC seems to filter out MANY fractals(by legacy definition). Thank you for whatever you've done, for it is MOST effective, not only in trending markets, but also in breakouts.