Fractal Adaptive Entry Indicator

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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

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ملاحظات الأخبار

Now with signal dampening setting -> ignore false positives during sideways motion with a tunable setting.

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ملاحظات الأخبار

Removed plotting of FRAMA line and changed shape colors.
Added multi-timeframe support