Fractal Wave Marker

Fractal Wave Marker is an indicator that processes relative extremes of fluctuating prices within 2 periodical aspects. The special labeling system detects and visually marks multi-scale turning points, letting you visualize fractal echoes within unfolding cycles dynamically.

What This Indicator Does

• Identifies major and minor swing highs/lows based on adjustable period.
  
• Uses Phi in power exponent to compute a higher-degree swing filter.
  
• Labels of higher degree appear only after confirmed base swings — no phantom levels, no hindsight bias. What you see is what the market has validated.
• Swing points unfold in a structured, alternating rhythm. No two consecutive pivots share the same hierarchical degree!
  

Inspired by the Fractal Market Hypothesis, this script visualizes the principle that market behavior repeats across time scales, revealing structured narrative of "random walk". This inherent sequencing ensures fractal consistency across timeframes. "Fractal echoes" demonstrate how smaller price swings can proportionally mirror larger ones in both structure and timing, allowing traders to anticipate movements by recursive patterns. Cycle Transitions highlight critical inflection points where minor pivots flip polarity such as a series of lower highs progress into higher highs—signaling the birth of a new macro trend. A dense dense clusters of swing points can indicate Liquidity Zones, acting as footprints of institutional accumulation or distribution where price action validates supply and demand imbalances.
Visualization of nested cycles within macro trend anchors - a main feature specifically designed for the chartists who prioritize working with complex wave oscillations their analysis.