Nesting Fractals

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Quote from rainman2:

Peaks and troughs. Monday had a volume trough on what I thought was a completion of a non dominant 2-3 bbt on the daily fractal. I was wrong. I still think its non-dom but we still need to go 2-3 then 3-ftt.
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IMHO, if you use constant volume bar charts and make your charts fractional and not just segments of the previous chart your result will be natural nesting. The clarity of your view of price movement will be a lot clearer. Check it out for yourself if you have the ability with your software.

I've posted charts that the right one is exactly 7 times slower than the left chart. The single indicator on each chart is split too. The bottom indicator on each chart is 7 times slower than the indicator above it. Same chart just different magnifications of the same data. The charts are simply based on pure price and volume. The indicator is only used to confirm what we see in price.
 

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Quote from ProfLogic:

IMHO, if you use constant volume bar charts and make your charts fractional and not just segments of the previous chart your result will be natural nesting.

I've posted charts that the right one is exactly 7 times slower than the left chart.
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Thanks PL for this post. May I ask why you chose a seventh as a fraction, is it just for an example ?
 
Quote from TIKITRADER:

Thanks PL for this post. May I ask why you chose a seventh as a fraction, is it just for an example ?
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When I created all of my chart increments I wanted a stair step that was a natural nesting of the charts. I figured that using Prime numbers should be the best.
Using "1" wouldn't work, 3 worked but created too many chart increments to monitor, "5" created too many inconsistencies due to each increment ending with 25, "7" worked great and "11" worked but was too large.
 
Quote from ProfLogic:

I figured that using Prime numbers should be the best.
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I just tried out your examples and I see what you are talking about now.
This is something very interesting and kind of you to post. Thanks for the reply PL :)
 
Quote from TIKITRADER:

I just tried out your examples and I see what you are talking about now.
This is something very interesting and kind of you to post. Thanks for the reply PL :)
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My pleasure.
In order to have the confidence to trade it, you have to trust it. In order to trust it, you have to see it as a valuable tool that works time and time again.
 
Quote from ProfLogic:

IMHO, if you use constant volume bar charts and make your charts fractional and not just segments of the previous chart your result will be natural nesting. The clarity of your view of price movement will be a lot clearer. Check it out for yourself if you have the ability with your software.

I've posted charts that the right one is exactly 7 times slower than the left chart. The single indicator on each chart is split too. The bottom indicator on each chart is 7 times slower than the indicator above it. Same chart just different magnifications of the same data. The charts are simply based on pure price and volume. The indicator is only used to confirm what we see in price.
More...

Thanks for your view. I use volume charts in a similar fashion as you although I like to use them with cumulative delta volume (CDV). I use these charts as confirmation that I am on the right side of the market.
 

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