OPEN-SOURCE SCRIPT

Fractal Retracement [Jamallo]

1 189
(2025)

Intro
FRAMA is a moving average that adapts its speed based on fractal geometry — specifically, the fractal dimension (D) of recent price action. When price is trending strongly (low fractal dimension), it moves fast. When price is choppy/ranging (high fractal dimension), it slows down. This makes it far more responsive than a standard EMA or SMA.

Breakdown:

The indicator wraps this[FRAMA logic] with a continuous range logic layer: the
Pine Script®
only moves if price breaks beyond the FRAMA ± ATR-based range, creating a stepped/ratcheting effect that filters out noise.

Two sets of bands are plotted around the filtered line, scaled by ATR multiplied by user-defined multipliers (tight at 0.5×, medium at 1.0×). They're smoothed with a short EMA to reduce jitter, and filled with gradient colors for visual clarity.

Direction is simply determined by whether
Pine Script®
is rising or falling, and colors everything green (uptrend) or pink/red (downtrend).

END
In short, it's a noise-filtered trend indicator useful for identifying trend direction, dynamic support/resistance, and gauging how far price has retraced from the trend baseline.

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