================= Weekly Fractal Up ================= A prerequisite for this indicator is Jose Silva's "Calendar Week counter". "Weekly Fractal Up" plots a weekly fractal up signal on any daily chart. ---8<--------------------------- {Weekly Fractal Up} {© 2004 Roy Larsen, rlarsen@man.quik.co.nz} {for use on daily charts with Jose Silva's "Calendar Week counter"} F:=Input("End of Week, 5=Friday 6=Saturday 7=Sunday",5,7,5); Q:=Input("Display Mode, 0=Static 1=Dynamic 2=Test",0,2,2); {0=Display, update on Friday when possible} {1=Display, update on each new bar} {2=Backtest, update on first bar of new week} G:=LastValue(Highest(Sum(DayOfWeek()=F,5))=5); I:=Fml("Calendar Week counter"); I:=Abs(I-ValueWhen(2-G,1,I)); M:=G OR I>0; F:=G OR (DayOfWeek()=F AND I=0); A:=LastValue(Cum(1)-1)=Cum(1); B:=LastValue(Cum(1))=Cum(1); J:=If(F,1,If(Alert(F,2)=0 AND M,2,0)); J:=If(A+LastValue(J)>2 OR B+(Q=1)=2,1,J); J:=If(G,1,If(Q=2 OR Cum(J)<=1,M*2,J)); H0:=HighestSince(1,M,H); H0:=ValueWhen(1,J,If(J=1,H0,ValueWhen(2-G,1,H0))); H1:=ValueWhen(2,J,H0); H2:=ValueWhen(3,J,H0); H3:=ValueWhen(4,J,H0); H4:=ValueWhen(5,J,H0); H5:=ValueWhen(6,J,H0); Single:=H2>H4 AND H2>H3 AND H2>H1; Double:=H2>H5 AND H2>H4 AND H2=H3 AND H2>H1; ValueWhen(1,Single OR Double,H2); ---8<--------------------------- http://www.metastocktips.co.nz/