- Iulii 7, 2013
- Missae by: Praenomen to Team
- Categoria: FX Ind
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| Author: | jppoton (2009.05.07 08:22) | ||
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| Fractional Bands uses a modelisation of price variation by a Fractional Brownian Motion, that incorporates the consideration of the Fractal dimension, contrary to the Bollinger Bands, which are based on a Wiener Brownian Motion (a particular case of the Fractional Brownian Motion). They also use a different equation from the Fractal Bands (http"://codebase.mql4.com/5590). This difference, while being more consistent with the model on a mathematical point of view, does not seem to provide an indicator as interesting at a trading point of view. Nihilominus, it might still be of some use in combination with other indicators.
More details on my blog: http"://fractalfinance.blogspot.com/2009/05/fractional-bands.html Here is the Fractional Bands (in limegreen) with the Fractal Bands (in red), both share the same MA, which is the FRASMA (http"://codebase.mql4.com/5551):
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