OPEN-SOURCE SCRIPT

Fractals and Levels by JustUncleL

Mis à jour
Even though there are a many other Fractal and Level indicators, this indicator has some unique features. The indicator will display Fractals, fractal levels and HH/LL points, they will only be drawn after they have completed. Also the indicator has options to :
  • Show Ideal Fractals Only.
  • Use Renko Style Fractals, where open/close values are used instead of high/low to find Fractals. This is used to show the correct Fractals when Renko Wicks are enabled.
  • Has an optional Filter to only display Fractals that are above/below a MA Ribbon.


References:
  • This code is based on [RS]Fractal Levels V8 by RicardoSantos


This is a Renko Chart with "Renko Style Fractals" enabled, notice that the wicks are ignored and only the true Bricks are used for Fractals:

snapshot
Notes de version
...
  • Modified close/open/high/low series data to security calls to use original candle data to find Fractals. This ensures correct Fractal finding when Heikin Ashi candles are used on the chart.
  • NOTE:When using Renko charts always select "Renko Style Fractals"
Notes de version
...
  • Added optional swing alert Arrows and alarmcondition.
  • Hint: Alerts can be filtered using the MA filter option, but using reverse lengths: eg. 34 for fast MA and 13 for slow MA.
alertsBill Williams Indicatorsfilteringhigherhighslevelslowerlowsrenkochart

Script open-source

Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?


JustUncleL

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