Calling all coding wizards to please explain Fractal Energy (FE) in plain English? There has been a lot of FE scaled indicators, FE RSI, etc, but what is it and why should it work? I'm pretty sure I am not the only one who would be interested to learn about the FE stuff. This seems to be the "core" FE code that is used in a lot of indicators.
def fractalEnergy = Log(Sum(Max(high, close[1]) - Min(low, close[1]), length) /
(Highest(high, length) - Lowest(low, length))) /
Log(length);
I appreciate your help in advance!
def fractalEnergy = Log(Sum(Max(high, close[1]) - Min(low, close[1]), length) /
(Highest(high, length) - Lowest(low, length))) /
Log(length);
I appreciate your help in advance!