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Fractal de Williams

Fractal Breakout V2Version 2 of my fractal pattern aid ( Version 1 ). I added a bouncing line between the high and low trend lines, connecting consecutive extreme points. I also chased down a pesky bug in the slope calculation...and for now I have disabled the ability to change resolution basis for extreme detection (e.g. 30m on a 1hr chart). For fun, I added some shading to make it more apparent at a glance what is happening, but if you find it gimmicky, there's an option to turn that off. I am inexperienced with pattern recognition, so please send feedback if you have any ideas that would make this more useful. Thanks! Lemrin
Indicador Pine Script®
por Lemrin
11
Fractal BreakoutFirst of all, huge credit to synapticEx , whose brilliant use of the security function inspired me to figure out a way to get quasi-shape boundaries automatically drawn on a chart. This study draws upper and lower trend lines, based on configurable fractal*** reversal detection, calculates slope from the last two upper or lower reversal points, and then extends a dotted line along the same slope...until the next upper (or lower) reversal occurs. If the high (or low) breaks this extension, the dotted line becomes solid to aid visibility. Reversal detection is configurable to use any number of ticks, but probably four to eight will work best. I made the inclusion of volume in the reversal logic optional (off by default) and left the existing SMA input found in synapticEx's code intact, albeit with a lower default. With the addition of trend lines, I found volume hindered identification of reversals, although I could try various other filters than the SMA included originally. I have also left intact the very nice ability to change the period and use the requested period identify reversals, courtesy of synapticEx. This could be used in a strategy, as the values plotted are actual values that are available to include in logic and do not include knowledge of the future. However , information is not available until the floor of half the number of ticks used in reversal detection (I then offset by that number to line things up visually). Having never heard of it until now, I just Googled the Bill Williams Alligator strategy, which looks interesting, so maybe I could see how this could be ported to that. ***As I typed this, I remembered that while making reversal detection configurable, I changed the detection logic simply to look for highest (or lowest) of the desired length of ticks. I don't know whether this is not strictly fractal anymore, but if desired, with a little work, I could make it require consecutive, consistent changes before and after each reversal again. Here are a few screenshots from hourly ticks, using the "current" (hourly) period, with and without volume, and playing with the number of points used to identify reversals. Not using volume Using volume
Indicador Pine Script®
por Lemrin
8
Bill Williams. Alligator, Fractals & Res/Sup combined (by vlkvr)Bill Williams indicators (each separately) are simple and quite self-sufficient, however, are most often used together. The key ones (Alligator and Fractals) are freely available and everyone can use them, but why use them on the chart separately, when "together more fun", and not conceivable, in my opinion, they are one without the other. So, I present "split/copypasta" of two key indicators of Bill Williams, plus (as a bonus) visualization of "Support/Resistance" levels (and in fact, lines from extremes or the same fractals). As a result, before you indicator "three-in-one".
Indicador Pine Script®
por vlkvr
36
Williams Trader BetaWilliams Trader Beta (not for public use) Essentially what I wanted to do was create a script that could recognize setups from one of the systems laid out by Dr. Bill Williams I put blue label ups at bottom and below bar for long entry I put fuchsia label downs at bottom and below bar for short entry These are times when: AO > 0 & a Break Out Occurs of Fractal up above Gator Teeth or AO < 0 & a Break Out Occurs of Fractal down below Gator Teeth These also have alert conditions... be sure to use once per bar on close if using this condition!
Indicador Pine Script®
por 420snoop
39
BullTrading Chaos Trend WaveHave you ever wonder how the Elliott Wave looks like? If you trade with price action you are going to love this stuff... It is based on the same Mandelbrot Chaos Theory principles in order to trade with Bill Williams fractals. Chaos Trend Wave indicator displays in your chart the different Elliott wave layers making price action trading very intuitive. The standard settings are 126, 1, 5, 21 displaying the immediate bigger wave from your current layer, display settings for your current layer and "balance point" are: 126, 1, 3, 13. Use Fib sequence in the last two numbers in order to correctly change between wave layers: 126, 1, 8, 34 and 126, 1, 13, 55 (This is the higher setting, it is very useful to spot and trade trending markets).
Indicador Pine Script®
por BullTradingAM
15