There are many indicators with William’s Fractal and Alligator. As many use EMA’s it may be useful to define a 3-EMA ribbon and combining Fractal Levels/Box (filling background between top and bottom fractals) for trend scalping. I searched for this kind of indicator in community – some show fractals, some just levels, some with alligator etc. but couldn't...
This script is for plotting momentum and speed of higher timeframe using MACD Histograms.
Settings are hardcoded to 35/70/20 for momentum while speeds change slow length to 100, 200 and 300.
There is an option to use the user defined higher timeframe is case auto selection is inappropriate.
DISCLAIMER: This indicator has been created for educational reference...
![NIFTY: [VDB]TrendScalp-FractalBox-3EMA](https://s3.tradingview.com/j/JmL5UhUp_mid.png "[VDB]TrendScalp-FractalBox-3EMA")
![SBIN: [VDB]HTF-Momentum-Speed](https://s3.tradingview.com/8/8Q8Yza3N_mid.png "[VDB]HTF-Momentum-Speed")