An experimental script, designed as a visual aid, to highlight the last up or down candle before a fractal break. We can assume these candles where the point of origin that generated enough strength to break recent structure. By using them as reference points, traders are expected to follow their own set of rules and mark higher probability supply and demand zones in the area.
How to use:
Expect a potential retest in these areas, and if they fail, a potential retest in the opposite direction. The greater the number of times a zone is tested, the more likely it is to break. A fresh zone that has not yet been tested will have a higher probability of a bounce.
Fractal period and candle break type can be personalised in settings. Can be used on all timeframes (higher the better).
Indicator in use:
Extras:
An option to flip candle colours if current price is above or below them has been added.
Can i ask, the green and red boxes, are they drawn on candle close or repainted later according to what happens a few candles later.
geneclash
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@GarethSA, Thanks. Once a fractal high or low is broken (or wicked depending on user settings), the last up or down candle before the break is boxed. That's all its doing. There is another option in settings where boxes change colour if current price is above or below them.
@GarethSA, and yeah it's candle close, missed that part
nefkliens
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This is GOLD, combination of SnD, BoS and POI, though sometimes some SnD didn't boxed but so far it's a 90% accurate. Good Job. This is FIT for those PRICE ACTION TRADERS. Thank you! ;)