DasanC

Fractal Adaptive Entry Indicator

This entry indicator was inspired by John Ehle'rs "Fractal Adaptive Moving Average"

It's a very sensitive entry indicator that must be paired with a long-term trend detector in order to filter false positives.

Warning I have not backtested this indicator and will not make any claims to its performance.
Visually, it looks promising, however, backtesting and statistical analysis takes time.

Happy trading
<3
Release Notes: Now with signal dampening setting -> ignore false positives during sideways motion with a tunable setting.
Release Notes: Removed plotting of FRAMA line and changed shape colors.
Added multi-timeframe support

DM me on Telegram for requesting project work! @DasanC
Open-source script

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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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