m15 - как рекомендовал автор.
----------- Про фрактал и Киосотто я им отписал вот этот текст (думаю переводчик легко переведет его обратно)
To improve the forecast, you can use the statistical advantage. This approach is used in the indicator "consecutive candles" which checks two candles to search for price impulses in the direction of %R, but how effective is it? To answer this question, check with what probability the reversal occurs after X-consecutive candles in one direction. As a result, we will get more reliable settings for candle filtering.
According to the results of the analysis, you can set up an indicator of the type “asymmetric fractal” in which the left shoulder will contain the number of bar after which the turn is most often, and the right shoulder will be short - 1 candle (this will be its delay).
Here are the results of statistical analysis for a pair of EurUSD m15 on the interval of 10 years:
========== M15 from 01.01.2009 - 01.02.2019
EURUSD,M15: Closing percentage with price increase 12 candles - 83.33%
EURUSD,M15: Closing percentage with price increase 11 candles - 70%
EURUSD,M15: Closing percentage with price increase 10 candles - 67.74%
EURUSD,M15: Closing percentage with price increase 9 candles - 62.5%
EURUSD,M15: Closing percentage with price increase 8 candles - 60.05%
EURUSD,M15: Closing percentage with price increase 7 candles - 57.73%
EURUSD,M15: Closing percentage with price increase 6 candles - 56.73%
EURUSD,M15: Closing percentage with price increase 5 candles - 56.17%
EURUSD,M15: Closing percentage with price increase 4 candles - 55.36%
EURUSD,M15: Closing percentage with price increase 3 candles - 55.02%
EURUSD,M15: Closing percentage with price increase 2 candles - 54.17%
EURUSD,M15: Closing percentage with price increase 1 candle - 53.04%
It is clearly seen that the largest number of successful turns occurs after 11-12 consecutively growing candles. So we can adjust the fractal indicator with the left shoulder equal to 11-12 bar + extremum + 1 bar - the right shoulder (confirmation of the extremum).
Asymmetric fractal indicator in trailer. It does not best fit this method, but gives an idea of the work of the statistical advantage.
An example of filtering for Gold according to data from Euro on the screen - fractals are marked with rhombuses.
On screenshots are three orders for Gold today. At the top, the SL trawl worked, the lower ones were without a trawl.
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Quoting aaven: {quote} Genry, Can you kindly show how the indicator increases the odds of better entry. Thanks
Пояснение к центральному скрину из поста выше. For the first order entry condition was:
1. %R in oversold area
2. "VolumeAndVolatility update" - green
3. wlxFractals previously painted a reversing rhombus
4. "consecutive candles 1_02" drew an arrow with a dot
5. if we take the Kiosotto signals into account (third screen), then the histogram level is above two thresholds: 15 and 21.
The second order by the usual rules. Второй ордер был открыт по правилам автора.