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Fractal |
Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson | 0.03 sec. |
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Fractal An object in which the parts are in some way related to the whole. That is, the individual components are "self-similar." An example is the branching network in a tree. While each branch, and each successive smaller branching is different, they are qualitatively similar to the structure of the whole tree. Fractal 1. In technical analysis, an indicator of the reversal of the previous trend. It is shown on a candlestick chart as a series of five candles, representing five trading days. A bullish fractal occurs when the lowest low of any trading day is represented by the middle candle, with two successively less low trading days on each side. This is seen as a buy signal. A bearish fractal occurs when the highest high of the five days is represented by the middle candle, with two successively less high trading days on each side. This is seen as a sell signal. 2. Any whole made up of parts that are self-similar. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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SIR: I couldn't agree more with Peter Davey's swipe at Charles Jencks's wacky theories of fractal geometry et al at the end of his critique of Federation Square (AR May 2003) and I see where you stand. Fractal geometry has emerged as one of the most exciting frontiers in the fusion between mathematics and information technology. Taylor argues that Pollock's work is not the random visual chaos that his critics derided, but instead reflects the logic of chaos theory and fractal geometry. |
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