It removes the guesswork of "where do I draw my lines?" by automating the fractal identification.
It provides defined entry, stop-loss, and take-profit areas.
Outlines specific entry techniques for trend following (continuation) and counter-trend positions, aiming to enter after a breakout and retest of a significant zone. Key Components of the FMCBR Indicator
If you want, I can: produce sample code for TradingView (Pine Script), Python backtest code, or suggest default parameters for a specific instrument and timeframe—tell me which.
The FMCBR works best when aligned with the higher time-frame trend. If the Daily chart is bullish, only look for FMCBR "Buy" setups on the 1-hour chart.
You might ask, "How is this different from Bollinger Bands?"