Fractal Support Resistance

Auto SR based on fractals and volume .
Open-source Skript

Ganz im Sinne von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es verstehen und überprüfen können. Ein Hoch auf den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Publikation unterliegt den Hausregeln. Sie können das Skript den Favoriten hinzufügen, um es auf dem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?
study("Fractal Support Resistance", shorttitle="FSR", overlay=true)
tf = input(title="Resolution", type=resolution, defval = "current")
vamp = input(title="VolumeMA", type=integer, defval=6)
vam = sma(volume, vamp)

up = high[3]>high[4] and high[4]>high[5] and high[2]<high[3] and high[1]<high[2] and volume>vam
down = low[3]<low[4] and low[4]<low[5] and low[2]>low[3] and low[1]>low[2] and volume>vam
fractalup =  up ? high[3] : fractalup[1] 
fractaldown = down ? low[3] : fractaldown[1]

fuptf = security(tickerid,tf == "current" ? period : tf, fractalup)
fdowntf = security(tickerid,tf == "current" ? period : tf, fractaldown)

plot(fuptf, "FractalUp", color=lime, linewidth=1, style=cross, transp=0, offset =-3, join=false)
plot(fdowntf, "FractalDown", color=red, linewidth=1, style=cross, transp=0, offset=-3, join=false)


Hey guys, can someone explain me how it works?
@DanielJeney, On the high side, a fractal is a high point, where the 2 candles before and the 2 candles after, are lower than that high. On the low side, a fractal is a low point, where the 2 candles before and the 2 candles after, are higher than that low.
v good imp
Hey @synapticEx great indi, been using it for a while now! Can I ask, is it possible to make an update to the indicator so that it does not affect the scaling of the chart? For example, if the indi is set up 4 hour timeframe S/R's.. and you're on say a <30m timeframe - the chart will squish up to fit the 4hour Resistance, for example. Hope this makes sense! Thanking you in advance
Thank you! What would be your settings for 5 min time frame? And does it matter the colour? The green sits on top..
cristian.d cristian.d
I mean for the VolumeMA cause I see you got the TF
synapticEx cristian.d
Thanks, the volume now should be fine. The green stand for a local maximum that has led to significant trading activity, the red is local minimum instead.
You can apply the script multiple times with a different time frame and change the colors based on your trading aims.
+4 Antworten
Nice addition to the library!!!
synapticEx cooney_s
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