Auf geht's

Williams Fractal

Fractal Support and Resistance Zones EngineFractal Support and Resistance Zones Engine is a market structure tool built to convert confirmed fractal pivots into filtered support, resistance, and S/R flip zones. The main reason this script was created is practical rather than theoretical. Fractal highs and lows are already a familiar market structure concept, but many fractal-based tools become difficult to use once they start filling the chart with too many overlapping levels. When every pivot is treated as equally important, the result is often visual clutter, weak prioritization, and little help in deciding which areas still matter around current price. This script was written to make that process more usable. Instead of simply marking fractal pivots, it manages them as zones with a lifecycle. It filters oversized zones, ignores zones that are too far from current price, merges overlapping structure, tracks repeated interaction, handles role reversal behavior, removes weak or aging zones, and then selects only the strongest visible candidates for display. Why this indicator exists This script does not claim to introduce a new theory of support and resistance. Its purpose is to provide a more structured implementation of a familiar concept. The problem it tries to solve is straightforward: raw fractal levels can accumulate too quickly, overlapping levels can make the chart harder to read, old or weak zones can remain on screen longer than they are useful, and many simple fractal tools do not do much after the initial pivot is detected. This indicator was built to address those issues by treating zones as dynamic objects instead of static drawings. Once a zone is created, it is managed over time based on interaction, break behavior, age, visibility ranking, and proximity to price. That is the main reason the script was written. It is not meant to replace all support and resistance methods. It is meant to make fractal-based structure more organized and more practical to work with. What the indicator does The script detects confirmed fractal highs and lows using left and right pivot bars. A confirmed pivot high can create a resistance zone. A confirmed pivot low can create a support zone. There is also an optional developing zone mode. When enabled, the script can show provisional zones before full pivot confirmation. These are intentionally temporary and may disappear if price invalidates them before confirmation. After a zone is created, the script does not simply leave it untouched. It keeps evaluating that zone and updates its status over time. The script can display three structural categories: Resistance zones Support zones S/R flip zones, when a previously broken zone changes role How the script works The engine begins with fractal pivot detection. For resistance, the zone is built from the pivot high area. For support, the zone is built from the pivot low area. From there, several control layers are applied: 1) ATR-based size control Zone height is capped by an ATR multiple so unusually large candle ranges do not create oversized zones that dominate the chart. This helps keep zones more comparable and visually usable. 2) Minimum significance and maximum distance filtering A new zone must still meet a minimum size requirement relative to ATR, and it must remain within the configured distance from current price. This prevents the script from storing zones that are either too small to matter or too far away to be useful in the current context. 3) Overlap and merge logic If a newly detected zone overlaps with an existing one, the script does not always draw another separate zone. When the roles match, it can reinforce and blend the existing zone rather than duplicating structure. This is one of the main anti-clutter mechanisms in the script. 4) Touch tracking Zones gain interaction history when price returns to them from outside and touches them again. This interaction history later contributes to ranking and lifecycle decisions. A zone that has been respected multiple times is treated differently from a fresh zone that has never been retested. 5) Break and S/R flip handling When price breaks beyond a zone by a configurable ATR-based threshold, the script can treat that as a structural break. If retest confirmation is enabled, the zone does not immediately change role. Instead, it enters a waiting state and only flips after the retest condition is satisfied. If retest confirmation is disabled, the role change happens immediately on the break condition. This gives the user a choice between faster reaction and stricter confirmation. 6) Flip count and removal behavior Zones are not allowed to survive forever in the same way. The script tracks flip count and interaction history. If a zone has already flipped multiple times, it can eventually be removed instead of continuing to recycle indefinitely. This prevents heavily reused or degraded structure from staying on the chart forever. 7) Age-based pruning Zones are also removed as they get older. Stronger zones can survive longer because the lifespan is adjusted by interaction and flip history, but aging still matters. This helps the chart focus more on structure that is still relevant. 8) Spatially aware pool management The script keeps a limited zone pool depending on the selected performance mode. When the internal pool gets too large, weaker zones are evicted using a score that considers relevance and local crowding. In practice, this means the engine is not only adding zones, but also actively managing what deserves to stay in memory. 9) Visibility ranking The script scores zones using interaction history, flip history, distance from current price, and age. It then selects only the top visible resistance, support, and flip zones rather than showing everything at once. This is a key part of the workflow because the script is designed to prioritize readability, not maximum historical coverage. What makes it different from simpler fractal indicators The main difference is not the use of fractals themselves. Fractals are well known. The difference is what happens after the fractal is detected. Many simpler scripts stop at the first step: they identify the pivot and draw a level or box. This script continues beyond that step by adding: zone size control, distance filtering, overlap management, touch-based reinforcement, optional retest-confirmed flips, flip counting, age-aware removal, spatial eviction when the zone pool becomes crowded, and visibility ranking so only the strongest nearby zones are shown. That combination is the real distinguishing feature of the script. It is not just a fractal marker. It is a fractal-based zone management engine. Was this script really necessary? In the strictest sense, the underlying market idea is not new. Fractal pivots, support, resistance, and role reversal are all established concepts. So if the question is whether this script introduces a brand-new trading theory, the honest answer is no. But that is not the reason it exists. The reason it exists is that there is practical value in taking a familiar concept and implementing it in a cleaner, more selective, and more manageable way. A trader who already uses fractal structure may not need another script that simply draws more levels. What may still be useful is a script that helps reduce clutter, maintain zone quality, and keep attention on the strongest nearby structure. That is the point of this indicator. So the honest answer is: it was not necessary as a new theory, but it can be useful as a more organized implementation of fractal-based support and resistance. That is the real justification for the script. Inputs and behavior The script includes a small set of controls that shape how selective or lightweight the engine becomes. Strategy changes how strict the filtering logic is. Conservative settings keep fewer zones and require stricter behavior. Aggressive settings allow more zones and looser filtering. Performance controls how many zones can be tracked internally. Lighter modes reduce tracking load, while fuller modes allow broader detection. Top Resistance Zones, Top Support Zones, and Top S/R Flip Zones limit how many ranked zones are actually shown. Pivot Left Bars and Pivot Right Bars control fractal confirmation. Max Zone Height (ATR) caps zone height. Merge Sensitivity changes how aggressively nearby zones are combined. Max Age controls the base lifespan of zones before age pruning removes them. Require Retest for Flip changes whether role reversal happens immediately after a qualified break or waits for a retest. Show Developing Zones enables early provisional zones before full confirmation. Because these are not fully confirmed yet, they may disappear. Left Extension, Box Length, labels, colors, and the optional info panel control the visual presentation. Alerts and chart workflow The script provides alerts for: new resistance zones, new support zones, S/R flips, and zone breaks. A practical workflow is to use the indicator to monitor the strongest nearby structural zones, then combine those zones with your own trend analysis, execution criteria, risk plan, or broader market context. Important notes This is a structural analysis tool. It does not predict price, guarantee reversals, or guarantee trade outcomes. Confirmed fractal pivots appear only after the required right-side confirmation bars exist, so confirmed zones naturally appear with that built-in confirmation delay. If developing zones are enabled, the script may show temporary structure earlier, but those developing zones can disappear if price invalidates them before full confirmation. Because of that, this indicator is best used as a framework for organizing price structure rather than as a standalone trade system.
Pine Script® Indikator
von malibuuu
7
Fractal Structure Model [Pro]Fractal Structure Model A professional-grade multi-timeframe price action indicator that automates the identification of expansion setups by analyzing lower timeframe movements within higher timeframe candle structures. <h 🔷 What This Indicator Does Markets move in fractal cycles — alternating between contraction (consolidation) and expansion (directional movement). This indicator detects the precise moment when expansion is likely to begin by combining: Higher Timeframe directional candle closures Lower Timeframe confirmation through Change in State of Delivery (CISD) Automated projection of future price targets Real-time setup tracking with success/failure detection ⚙️ Core Components 1. Automatic Timeframe Pairing The indicator intelligently pairs your chart timeframe with a higher timeframe for multi-timeframe analysis: 1min → 5min 3min → 15min 5min → 1Hour 15min → 4Hour 1Hour → Daily 4Hour → Weekly Manual override is available for custom pairings. The indicator validates pairings and displays warnings for invalid configurations. 2. HTF Power of Three (PO3) Candles Visualizes the higher timeframe candle directly on your lower timeframe chart: Translucent body box (open to close range) Wick lines extending to high and low Dashed open price reference line Timeframe badge label This allows you to observe how micro price action constructs the macro candle — identifying accumulation, manipulation, and distribution phases in real time. 3. Change in State of Delivery (CISD) The CISD is the confirmation signal that price has shifted from one directional bias to another. Bullish CISD Logic: text - Price was making lows (testing swing low area) - A candle closes above its open AND above the previous candle's high - This signals sellers have exhausted and buyers are taking control Bearish CISD Logic: text - Price was making highs (testing swing high area) - A candle closes below its open AND below the previous candle's low - This signals buyers have exhausted and sellers are taking control Visual: A highlighted box around the CISD candles with a directional label. Use Case: After the 1-Hour candle closes bullish, you watch the 5-minute chart for a bullish CISD near a swing low. When it triggers, it confirms that the new hour is likely to continue expanding upward. 4. Setup Detection A complete setup requires two conditions: Condition Description HTF Directional Close The previous HTF candle closed bullish or bearish LTF CISD Confirmation A change in delivery state occurs on the lower timeframe When both align, the indicator generates a setup signal with a bold vertical bar and a large directional label. Use Case: The previous 4-Hour candle closed strongly bearish. On your 15-minute chart, you see price briefly push up into a swing high, then a bearish CISD fires. The indicator marks this as a Bear Setup, telling you expansion to the downside is probable. 5. Candle Tracking (C1 through C4+) Once a setup triggers, the indicator tracks how many HTF candles have elapsed: Label Meaning Color C1 ✓ First candle — setup just formed Gray C2 ✓ Second candle — setup active and healthy Gray C3 ⚠ Third candle — potential slowdown/consolidation Orange C4 ⚠ Fourth candle — likely exhaustion Orange Any ✗ Price returned to setup origin — failure Red Failure Condition: Bullish setup fails if price drops below the setup low Bearish setup fails if price rises above the setup high Use Case: You entered a bullish trade on C1. By C2, price has expanded nicely. On C3, the label turns orange — you consider tightening your stop or taking partial profits because momentum may be fading. If it turns red, you know the setup has been invalidated. 6. Equilibrium + Premium/Discount Zones The Equilibrium (EQ) is the 50% level of the setup range (from setup high to setup low). Zone Location Meaning Premium Above EQ Price is expensive — favorable for shorts Discount Below EQ Price is cheap — favorable for longs Visual: Two shaded boxes with text labels ("PREMIUM" / "DISCOUNT") and a dashed EQ line. Use Case: After a bullish setup fires, price retraces. You see it enter the discount zone (below 50%). This is your optimal entry area — buying at a discount within a confirmed bullish structure. 7. T-Spot Identification The T-Spot marks where the higher timeframe candle's wick is anticipated to form — essentially a reversal or continuation point. Calculation: 23.6% from the setup extreme (based on Fibonacci-like proportioning of the range). Visual: A dotted line with a thin zone box and "T-SPOT" label. Use Case: In a bullish setup, the T-Spot sits near the top of the range. If price reaches this level and shows signs of rejection, it may indicate the HTF candle's high wick is forming — a potential point to take profits or expect a pullback. 8. Projection Levels Once a setup is confirmed, the indicator projects future price targets based on the range between the CISD price and the swing reference point. Default Projections: Level Calculation Purpose -1× 1× the CISD range First target — minimal expansion -2× 2× the CISD range Standard expansion target -2.5× 2.5× the CISD range Extended target -4× 4× the CISD range Full expansion -4.5× 4.5× the CISD range Maximum expected expansion Each projection has: A solid line at the level A thin zone box for visibility A multiplier label (e.g., "-2×") Progressive transparency (closer targets are more opaque) Use Case: A bearish setup fires. You set your take-profit at the -2× projection. If price reaches -2× and shows exhaustion, you exit. If momentum continues, you trail toward -4×. 9. Formation Liquidity Marks the previous HTF candle's high and low as critical liquidity levels. Visual: Dotted horizontal lines labeled "LIQ $.H" (high) and "LIQ $.L" (low). Use Case: Before a new setup forms, price often sweeps the previous candle's high or low to grab liquidity. Watching these levels helps you anticipate: Where stop losses are clustered Where engineered liquidity raids may occur Potential reversal points after the sweep 10. Candle 1 Liquidity Solid horizontal lines marking the setup's own high and low — the structural boundaries. Use Case: These are your invalidation levels. If a bullish setup's low is broken, the setup fails. These lines give you a clear visual reference for stop-loss placement. 11. Swing Structure Markers Small diamond symbols (◆) at detected swing highs and lows. Use Case: Helps you see the market's structural rhythm — where swing points form relative to the HTF candle. Useful for identifying when price is building higher lows (bullish) or lower highs (bearish). 12. Bias Selection Mode What It Shows Bullish Only bullish CISD signals and setups Bearish Only bearish CISD signals and setups Neutral Both directions Use Case: You've done your daily analysis and determined the market is in a bullish trend. You set bias to "Bullish" to filter out counter-trend bearish signals and focus exclusively on buy setups. 13. Time Filters Three configurable UTC time windows. Setups outside these windows are ignored. Example Configuration: Session 1: 08:00 - 11:00 (London Open) Session 2: 13:00 - 16:00 (New York Open) Session 3: OFF Use Case: You only want to trade during London and New York sessions because that's when the most volume and expansion occurs. The indicator automatically suppresses signals during Asia session or off-hours. 14. Professional Info Table A dark-themed dashboard showing: Field Example Value Pairing 5 → 60 Status ✓ Valid Bias ▲ Bullish Setup ▲ Bull C2 Auto TF ● Enabled Sessions 8:00-11:00 13:00-16:00 Total 12 setups 15. Alerts Alert Trigger Bullish Fractal Setup Full bullish setup confirmed Bearish Fractal Setup Full bearish setup confirmed Bullish CISD Bullish delivery change detected Bearish CISD Bearish delivery change detected Setup Failed Active setup invalidated Trading Workflow — Complete Use Case Scenario: Trading EUR/USD on the 5-Minute Chart Step 1 — Preparation - Open 5min chart - Indicator auto-pairs to 1H HTF - Set bias to "Neutral" - Enable London + NY time filters Step 2 — Wait for HTF Context - Watch the PO3 candle building the current hour - Previous 1H candle closed bullish - Current hour opens → you watch for a pullback Step 3 — CISD Confirmation - Price pulls back to a 5min swing low - A 5min candle closes above its open and above the prior high - CISD marker appears → Bullish Setup triggers - Labels, projections, EQ zones all appear automatically Step 4 — Entry - Price is in the DISCOUNT zone (below EQ) - Enter long near the CISD level - Stop loss below the C1 Liquidity low line Step 5 — Management - C1 label shows ✓ — setup is fresh - Price reaches -1× projection → move stop to breakeven - C2 label appears ✓ — momentum continues - Price hits -2× projection → take 50% profit - C3 label turns orange ⚠ — trail stop tightly - Price reaches -2.5× → close remaining position Step 6 — Failure Scenario - If price drops below setup low before hitting targets - C2 label turns red ✗ - Projections, EQ, T-Spot all disappear - You exit the trade at your stop loss Who Is This Indicator For? Trader Type How They Use It Day Traders 1min/5min charts paired with 15min/1H for intraday setups Swing Traders 15min/1H charts paired with 4H/Daily for multi-day holds Scalpers 1min charts paired with 5min for quick expansion trades Analysts Use projections and structure labels for market commentary Key Strengths Non-repainting — levels remain stable once plotted Fully automated — no manual drawing required Multi-asset — works on forex, crypto, stocks, indices, commodities Adaptive — auto-adjusts to any timeframe Professional visuals — clean, institutional-grade appearance with black text on colored labels for maximum readability
Pine Script® Indikator
von ZakAlgoTrade
5
Williams Fractals by YoungAWilliams Fractals - Dynamic Period Indicator This indicator identifies fractal patterns on the chart based on Bill Williams' fractal theory. A fractal is a price formation where the middle candle has the highest high (for down fractal) or lowest low (for up fractal) compared to surrounding candles. Key Features: - Customizable period - set any number of bars on each side (n=1 for 3-bar fractal, n=2 for 5-bar fractal, etc.) - Down Fractal (▼) - white triangle above the bar indicates a local high - Up Fractal (▲) - white triangle below the bar indicates a local low - Non-repainting - fractals appear only after the required number of confirmation bars have closed - 50% transparency for better chart visibility How it works: The indicator checks if the central bar's high/low is the highest/lowest among n bars to the left and n bars to the right. Fractals are displayed with an offset to show exactly where the pattern formed. Perfect for: ✓ Identifying potential reversal points ✓ Drawing support/resistance levels ✓ Combined with other Bill Williams indicators (Alligator, Awesome Oscillator) ✓ Multi-timeframe analysis Coded by: YoungA
Pine Script® Indikator
von YoungA
SessionsBuilt to display useful time sessions, mostly Frankfort and NY. It also display the Asian range and fractal bars. All three sub indicators are toggable separatly. Works best for french trades as it's how it's been coded for. If you want adapt it to your timezone, edit the "Fuseau horaire" option to match yours. I intend to add another big indicator to make a cool package in the future. I will soon try to make everything editable so you can chose what you can display (dont ask for when) This is a full vibe coded script, feel free to fork it and edit it to your convenience as long as you credit me and share me yours so we can see what can be improved. Enjoy :)
Pine Script® Indikator
von Notch_dot
1
FractalMod for TV with breakout alertsFractalsMod (MT4 → Pine) is a TradingView indicator converted from a custom MT4 (MQL4) fractal indicator. This script replicates the behavior of the original MT4 version as closely as possible, including: Confirmation-based fractals using left/right bar logic Persistent horizontal levels derived from confirmed fractals MT4-style “buffer-like” behavior using segmented horizontal lines Key Features MT4-compatible fractal logic Uses leftbars and rightbars to confirm fractal highs/lows, equivalent to MT4 custom fractal indicators. Segmented horizontal lines (MT4 buffer style) Each confirmed fractal starts a new horizontal line segment from the original pivot bar. When a new fractal is confirmed, the previous segment is stopped at the new pivot point, closely mimicking MT4 indicator buffers. Latest fractal tracking The most recently confirmed Up/Down fractal levels are tracked internally and used for breakout detection. Breakout alerts (not confirmation alerts) Alerts are triggered when the current price breaks above the latest Up fractal or below the latest Down fractal. Breakout detection can be configured to use: Close price only (confirmation-based), or High/Low including wicks. Clean visual control Single arrow per confirmed fractal (no duplicate markers) Optional display of fractal markers and horizontal lines Custom colors and line width for Up/Down fractals Typical Use Cases Fractal-based support / resistance visualization Breakout trading using the most recent confirmed fractal levels MT4 → TradingView workflow migration while preserving indicator behavior This script is designed for traders familiar with MT4 fractal indicators who want a faithful and practical TradingView equivalent without repainting on confirmed signals. FractalsMod (MT4 → Pine) は、 MT4（MQL4）で使用されていた カスタム Fractal インジケーターを TradingView（Pine Script）へ移植したものです。 元の MT4 インジケーターの挙動を可能な限り忠実に再現することを目的としており、以下の特徴を持ちます。 主な特徴 MT4互換のフラクタル判定ロジック leftbars / rightbars を用いたフラクタル確定方式で、 MT4 のカスタム Fractal インジケーターと同等の確定条件を再現しています。 MT4のバッファ挙動を再現した水平ライン フラクタルが確定すると、その ピボット位置から水平ラインを開始します。 新しいフラクタルが確定した場合、それまでのラインは新しいピボット位置で停止し、 区間ごとのライン構造で MT4 のバッファ表示に近い見た目を実現しています。 最新フラクタル価格の内部保持 直近で確定した Up / Down フラクタル価格を保持し、 ブレイク判定やアラートに利用します。 ブレイク専用アラート（確定時アラートなし） フラクタル確定時ではなく、 価格が最新の Up フラクタルを上抜けたとき 価格が最新の Down フラクタルを下抜けたとき にアラートを出す設計です。 ブレイク判定は 終値ベース（ダマシを減らす） ヒゲ込み（高値 / 安値） を設定で切り替えられます。 視認性と制御性を重視した設計 フラクタル矢印は 確定時に1本のみ表示（重複なし） Up / Down で色分けされたラインと矢印 ライン表示・矢印表示の ON / OFF 切り替え可能 想定される用途 フラクタルを用いた サポート / レジスタンスの可視化 直近フラクタルを基準とした ブレイクアウト戦略 MT4 から TradingView への移行時に、 ロジックと見た目をできるだけ変えずに使いたい場合 本スクリプトは、 MT4のフラクタル系インジケーターに慣れたトレーダーが、 TradingViewでも違和感なく使えることを重視して設計されています。
Pine Script® Indikator
von tarotaro_n
Hamazaki-Style Scalping SystemOverview: hmzk-Style Scalping System This system is designed to identify high-probability entries in the 1-minute time frame while strictly filtering out low-efficiency market noise. It focuses on the concept of "Gensen" (Strict Selection)—only trading when volatility and trend alignment provide a clear statistical edge. 1. Visual Filtering (Background Colors) The system uses background colors to provide instant environmental awareness: Green Zone (High Probability): Condition: ATR is above the 1.5-pip threshold and the price is diverging from the Kernel line. Meaning: High volatility and momentum are present. This is the optimal "War Zone" for scalping. Gray Zone (Avoidance): Condition: Price is overlapping with the Kernel line. Meaning: A "sideways" or "ranging" market. hmzk labels this as the "Death Point" where traders lose money due to spreads and lack of direction. 2. Technical Components Calix Kernel Regression (h=21, r=34, x_0=55): Serves as the primary trend filter. When the line is horizontal and price is tangled with it, stay out. When the line slants and price moves away ("Gator opening"), follow the trend. ATR Break-Out (1.5 Pips Threshold): Ensures there is enough "meat" in the move to cover spreads and generate profit. Fractal Arrows (▲/▼): Indicates potential turning points or breakout levels. These are most effective when they appear in a Green Zone. 3. Execution & Discipline The 40-Trade Rule: Limit yourself to roughly 40 high-quality trades per day to avoid overtrading and maintain focus. 0.4-Second Stop Loss: If the price action does not immediately follow your hypothesis, exit within a fraction of a second to minimize "expenses" (losses). Pattern Over Instinct: Only enter when your predefined "form" or "pattern" appears. hmzk teaches that "waiting is the ultimate skill". Market Context: Prioritize trades during high-liquidity windows like the London/NY open or specific time transitions (e.g., the 24:00 winter time shift).
Pine Script® Indikator
von taka_fx7676
As Good As It Gets Pivot ArrowsAs Good As It Gets Pivot Arrows Description - As Good As It Gets Pivot Arrows is a clean, high-precision pivot detection indicator that plots bright green upward triangles for confirmed pivot lows (buy signals) and red downward triangles for confirmed pivot highs (sell signals), and comes with customizable pivot length. Additionally, it optionally displays white dots for double-top/double-bottom pivots within a user-defined percentage tolerance. Key Features - Exact replication of TOS pivot high/low triangles (12-arrow style) - Customizable pivot length (default 7) - Option to ignore the last unconfirmed bar - Toggle triangles and/or pivot dots independently - Double-top/bottom detection with adjustable % tolerance (0.1% default) - Clean visual signals with no repainting on confirmed pivots What Makes It Unique - This script delivers the pivot arrow behavior (including brighter lime-green buy triangles) that many traders love, with added flexibility: individual toggles for triangles/dots, double-top/bottom detection, and full customization. Unlike generic pivot indicators, it has precise confirmation logic while remaining fast and non-repainting on closed bars. How to Use and Trade With It - Adjust "Pivot Length" to suit your timeframe (7–14 common) - Enable/disable triangles or dots as preferred - Fine-tune "% Tolerance" for double-top/bottom sensitivity Trading Signals - Green upward triangle below bar: Confirmed pivot low → potential LONG entry or support - Red downward triangle above bar: Confirmed pivot high → potential SHORT entry or - resistance - White dots: Double-top (above) or double-bottom (below) within tolerance → higher-probability reversal zones Best Practice - Use triangles for primary swing entries/exits - Combine with volume, trend filters, or support/resistance for confirmation - Works on any timeframe; shorter lengths for intraday scalping, longer for positional trading
Pine Script® Indikator
von NPR21
9
Zigzag Simple [SCL]🟩  OVERVIEW Draws zigzag lines from pivot Highs to pivot Lows. You can choose between three different ways of calculating pivots:  • True Highs and Lows  • Williams pivots  • Oscillator pivots 🟩  HOW TO USE This indicator can be used to understand market structure, which is arguably the primary thing you need to be aware of when trading. The zigzag by itself does not display a market structure bias, nor any information about prices of pivots, HH and HL labels, or anything like that. Nevertheless, a simple zigzag is perhaps the easiest and most intuitive way to understand what price is doing. Choose a pivot style that you like, customise the colours and line style, and enjoy! 🟩  PIVOT TYPES EXPLAINED True Highs and Lows This is not an invention of mine (all credit to my humble mentor), but I haven't seen anyone else code them up. A true High is a close below the low of the candle with the highest high. A true Low is a close above the high of a candle with the lowest low. These are solid, price action-based pivots that can sometimes confirm quickly. Williams pivots This is how most people calculate pivots. They're simply the highest high for x bars back and x bars forwards. They're the vanilla of pivots IMO: serviceable but not very interesting. They're very convenient to code because there are built-in Pine functions for them: ta.pivothigh and ta.pivotlow . They confirm a predictable number of bars after they happen, which is great for coding but also makes the trader wait for confirmation. Oscillator pivots This is a completely different concept, which uses momentum in order to define pivots. For example, when you get a rise in momentum and momentum then drops a configurable amount, it confirms a pivot high, and vice versa for a pivot low. I don't know if anyone else does it –- although some indicators do mark pivots in momentum itself, and plenty do divergences, I wasn't able to find one that specifically marked *pivots in price* because of pivots in momentum 🤷‍♂️ Anyway, while this approach needs a whole investigation on its own, here we simply plot some pivots in a smoothed RSI. This indicator doesn't plot the actual momentum values -- for a more visual understanding of how this works, refer to the examples in the OscillatorPivots library. 🟩  UNIQUE ADVANTAGES In contrast to other zigzag indicators available, this one lets you choose between the standard and some more unique methods of generating the zigzags. Additionally, because it's based on libraries, it is relatively easy for programmers to use as a basis for experimentation. 🟩  GEEK STUFF Although there is considerable practical use for pivot-based zigzags in trading, this script is primarily a demonstration in coding -- specifically the power of libraries! Most of the script consists of setup, especially defining inputs. The final section sacrifices some readability for conciseness, simply to emphasise how little code you need when the heavy lifting is done by libraries . The actual calculations and drawing are achieved in just 8 lines. The equivalent code in the libraries is ~250 lines long. All libraries used are my own, public and open-source:  • MarketStructure  • DrawZigZag  • OscillatorPivots
Pine Script® Indikator
von SimpleCryptoLife
7
Wick SweepThe Wick Sweep indicator identifies potential trend reversal zones based on price action patterns and swing points. Specifically, it looks for "Wick Sweeps," a concept where the market temporarily breaks a swing low or high (creating a "wick"), only to reverse in the opposite direction. This pattern is often indicative of a market attempting to trap traders before making a larger move. The indicator marks these zones using dashed lines, helping traders spot key areas of potential price action. Key Features: * Swing Low and High Detection: The indicator identifies significant swing lows and highs within a user-defined period by employing Williams fractals. * Wick Sweep Detection: Once a swing low or high is identified, the indicator looks for price movements that break through the low or high (creating a wick) and then reverses direction. * Fractal Plotting: Optionally, the indicator plots fractal points (triangle shapes) on the chart when a swing low or high is detected. This can assist in visually identifying the potential wick sweep areas. * Line Plotting: When a wick sweep is detected, a dashed line is drawn at the price level of the failed low or high, visually marking the potential reversal zone. Inputs: * Periods: The number of bars used to identify swing highs and lows. A higher value results in fewer, more significant swing points. * Line Color: The color of the dashed lines drawn when a wick sweep is detected. Customize this to match your chart's theme or preferences. * Show Fractals: A toggle that, when enabled, plots triangle shapes above and below bars indicating swing highs (up triangles) and swing lows (down triangles). Functionality: * Swing High and Low Calculation: - The indicator calculates the swing low and swing high based on the periods input. A swing low is identified when the current low is the lowest within a range of (2 * periods + 1), with the lowest point being at the center of the period. - Similarly, a swing high is identified when the current high is the highest within the same range. * Wick Sweep Detection: - Once a swing low or high is detected, the script looks for a potential wick. This happens when the price breaks the swing low or high and then reverses in the opposite direction. - For a valid wick sweep, the price should briefly move beyond the identified swing point but then close in the opposite direction (i.e., a bullish reversal for a swing low and a bearish reversal for a swing high). - A line is drawn at the price level of the failed low or high when a wick sweep is confirmed. Confirmations for Reversal: * The confirmation for a wick sweep requires that the price not only break the swing low/high but also close in the opposite direction (i.e., close above the low for a bullish reversal or close below the high for a bearish reversal). * The confirmation is further refined by checking that the price movement is within a reasonable distance from the original swing point, which prevents the indicator from marking distant, unimportant price levels. Additional Notes: * The Wick Sweep indicator does not provide standalone trading signals; it is best used in conjunction with other technical analysis tools, such as trend analysis, oscillators, or volume indicators. * The periods input can be adjusted based on the trader’s preferred level of sensitivity. A lower period value will result in more frequent swing points and potentially more signals, while a higher value will focus on more significant market swings. * The indicator may work well in ranging markets where price tends to oscillate between key support and resistance levels.
Pine Script® Indikator
von abuzka
2
Current Fractal High/Low (Dynamic) This indicator dynamically tracks the most recent confirmed Fractal High and Fractal Low across any timeframe using custom left/right bar configurations. 🔍 Key Features: Detects Fractal Highs and Lows based on user-defined pivot settings. Draws a green line and label ("FH") at the most recent Fractal High. Draws a red line and label ("FL") at the most recent Fractal Low. All lines extend from the confirmation bar to the current candle. Automatically removes old lines and labels for a clean, uncluttered chart. 🛠️ Customizable Inputs: Left & Right bars for pivot sensitivity Line width for visibility 📌 Use Cases: Identifying structure shifts Recognizing key swing points Supporting liquidity and breakout strategies 💡 Fractals are confirmed only after the full formation of the pattern (left and right bars). This ensures reliability over reactivity. This script is designed for intraday to swing traders who want a reliable way to visualize market turning points with minimal noise.
Pine Script® Indikator
von stairwaytoprofit
3
Fractal Pattern AnalysisFractal Pattern Key Elements and How to Read Them 1. Williams Fractals (Triangle Markers) Red Triangles Pointing Down: Bearish fractals - potential resistance points and selling opportunities Green Triangles Pointing Up: Bullish fractals - potential support points and buying opportunities When to Act: Look for bullish fractals forming during uptrends and bearish fractals during downtrends 2. Moving Averages Yellow Line (20 EMA): Short-term trend Blue Line (50 EMA): Medium-term trend Red Line (200 EMA): Long-term trend Interpretation: When shorter MAs cross above longer MAs, it's bullish; when they cross below, it's bearish Key Signal: The alignment of all three MAs (stacked in order) confirms a strong trend 3. Background Color Green Background: Uptrend (all MAs aligned bullishly) Red Background: Downtrend (all MAs aligned bearishly) Yellow Background: Sideways/neutral market (MAs not clearly aligned) 4. Market Structure Markers (Small Circles) Green Circles: Higher highs and higher lows (bullish structure) Red Circles: Lower highs and lower lows (bearish structure) Pattern Recognition: Multiple green circles suggest continuing uptrend; multiple red circles suggest continuing downtrend 5. Reversal Diamonds ("Rev" Markers) Yellow Diamonds: Potential trend reversal points Usage: These mark where the current trend might be changing direction Confirmation: Wait for price to close beyond the diamond before acting 6. Bollinger Bands (Blue Lines with Fill) Middle Band: 20-period SMA Upper/Lower Bands: Volatility channels Signals: Price touching upper band in uptrend is strength; touching lower band in downtrend is weakness Squeeze: When bands narrow, expect a volatility breakout soon 7. Status Table (Top Right) Shows current trend, volume direction, and overall signal at a glance "BUY" signal appears when multiple bullish conditions align "SELL" signal appears when multiple bearish conditions align
Pine Script® Indikator
von satsrin
Williams Fractals Ultimate (Donchian Adjusted)Williams Fractals Ultimate (Donchian Adjusted) Understanding Williams Fractals Williams Fractals are a simple yet powerful tool used to identify potential turning points in the market. They highlight local highs (up fractals) and local lows (down fractals) based on a set period. An up fractal appears when a price peak is higher than the surrounding prices. A down fractal appears when a price low is lower than the surrounding prices. Fractals help traders spot support and resistance levels, potential trend reversals, and price breakout zones. Why Adjust Fractals with the Donchian Channel? The standard Williams Fractals method identifies local highs and lows without considering broader market context. This script enhances fractal accuracy by integrating the Donchian Channel, which tracks the highest highs and lowest lows over a set period. - The Donchian Baseline is calculated as the average of the highest high and lowest low over a selected period. - Fractals are filtered based on this baseline: Up Fractals are only shown if they are above the Donchian baseline. Down Fractals are only shown if they are below the Donchian baseline. This filtering method removes weak signals and ensures that only relevant fractals aligned with market structure are displayed. Key Features of the Script Customizable Fractal & Donchian Periods – Allows traders to fine-tune fractal sensitivity. Donchian-Based Filtering – Reduces noise and highlights meaningful fractals. Fractal ZigZag Line (Optional) – Helps visualize price swings more clearly. Why Is This So Effective? Stronger trend signals – Filtering with the Donchian baseline eliminates unreliable fractals. Clearer price action – The optional ZigZag line visually connects significant highs and lows. Easy trend identification – Helps traders confirm breakout zones and key price levels. This script is a technical analysis tool and does not guarantee profitable trades. Always combine it with other indicators and risk management strategies before making trading decisions.
Pine Script® Indikator
von Julien_Exe
14
Fractals with Flexible Visuals and Auto HTFPurpose: This indicator displays fractals, including significant ones, with enhanced visual flexibility and new visualization modes. Functionality: - Regular Fractals of Current Timeframe: ** Displays standard fractals based on the current chart timeframe. - Significant Fractals: ** Recognizes significant fractals through a combination of apexes from the current timeframe and a higher timeframe (HTF). - Fractal Filtering: ** - Please note that this option makes some fractals dissapear, but someone finds this to be useful. - Fractal filtering has been made separate for Regular and Significant fractals. - HH/LL Labels: ** HH/LL and LH/HL labels are now available separately for Regular and Significant fractals. - Automatic HTF Switching for Significant Fractals: Added automatic HTF thresholds, removing the need to set HTF manually when changing the chart's timeframe. - Marker Relocation Modes: - Mode 0:0 The fractal appears on the bar when it is recognized, not where it forms. This mode assists traders who want to observe recognition in real-time when developing strategies with fractals. - Mode 1:1 The fractal appears on the previous bar when it is recognized, not where it forms. - Mode 2:2 (General) The fractal appears two bars back, where it is recognized, not when. - Other additional Modes for Significant Fractals: May be good for experimenting with Significant fractals. The first number indicates bars back for the current timeframe; the second number indicates bars back for the higher timeframe. Other modes may assist with additional filtering or be suitable for specific pairs or timeframes. - Visual Adjustments: Added user settings to customize visuals according to preferences. Acknowledgment: This indicator's functionality has been refactored from Fractals V9 by Ricardo Santos (with gratitude to him): () 'RSFractals' is not used as a name prefix, reflecting that this version lacks the Zigzag and Pattern functionalities present in 'RSFractals'. If the original author prefers a different naming convention, they may contact me, and I will gladly make the adjustment.
Pine Script® Indikator
von X2Lab
2
Trend Trader-Remastered StrategyOfficial Strategy for Trend Trader - Remastered Indicator: Trend Trader-Remastered (TTR) Overview: The Trend Trader-Remastered is a refined and highly sophisticated implementation of the Parabolic SAR designed to create strategic buy and sell entry signals, alongside precision take profit and re-entry signals based on marked Bill Williams (BW) fractals. Built with a deep emphasis on clarity and accuracy, this indicator ensures that only relevant and meaningful signals are generated, eliminating any unnecessary entries or exits. Please check the indicator details and updates via the link above. Important Disclosure: My primary objective is to provide realistic strategies and a code base for the TradingView Community. Therefore, the default settings of the strategy version of the indicator have been set to reflect realistic world trading scenarios and best practices. Key Features: Strategy execution date&time range. Take Profit Reduction Rate: The percentage of progressive reduction on active position size for take profit signals. Example: TP Reduce: 10% Entry Position Size: 100 TP1: 100 - 10 = 90 TP2: 90 - 9 = 81 Re-Entry When Rate: The percentage of position size on initial entry of the signal to determine re-entry. Example: RE When: 50% Entry Position Size: 100 Re-Entry Condition: Active Position Size < 50 Re-Entry Fill Rate: The percentage of position size on initial entry of the signal to be completed. Example: RE Fill: 75% Entry Position Size: 100 Active Position Size: 50 Re-Entry Order Size: 25 Final Active Position Size:75 Important: Even RE When condition is met, the active position size required to drop below RE Fill rate to trigger re-entry order. Key Points: 'Process Orders on Close' is enabled as Take Profit and Re-Entry signals must be executed on candle close. 'Calculate on Every Tick' is enabled as entry signals are required to be executed within candle time. 'Initial Capital' has been set to 10,000 USD. 'Default Quantity Type' has been set to 'Percent of Equity'. 'Default Quantity' has been set to 10% as the best practice of investing 10% of the assets. 'Currency' has been set to USD. 'Commission Type' has been set to 'Commission Percent' 'Commission Value' has been set to 0.05% to reflect the most realistic results with a common taker fee value.
Pine Script® Strategie
von aybarsm
10
MultiLayer Acceleration/Deceleration Strategy [Skyrexio]Overview MultiLayer Acceleration/Deceleration Strategy leverages the combination of Acceleration/Deceleration Indicator(AC), Williams Alligator, Williams Fractals and Exponential Moving Average (EMA) to obtain the high probability long setups. Moreover, strategy uses multi trades system, adding funds to long position if it considered that current trend has likely became stronger. Acceleration/Deceleration Indicator is used for creating signals, while Alligator and Fractal are used in conjunction as an approximation of short-term trend to filter them. At the same time EMA (default EMA's period = 100) is used as high probability long-term trend filter to open long trades only if it considers current price action as an uptrend. More information in "Methodology" and "Justification of Methodology" paragraphs. The strategy opens only long trades. Unique Features No fixed stop-loss and take profit: Instead of fixed stop-loss level strategy utilizes technical condition obtained by Fractals and Alligator to identify when current uptrend is likely to be over (more information in "Methodology" and "Justification of Methodology" paragraphs) Configurable Trading Periods: Users can tailor the strategy to specific market windows, adapting to different market conditions. Multilayer trades opening system: strategy uses only 10% of capital in every trade and open up to 5 trades at the same time if script consider current trend as strong one. Short and long term trend trade filters: strategy uses EMA as high probability long-term trend filter and Alligator and Fractal combination as a short-term one. Methodology The strategy opens long trade when the following price met the conditions: 1. Price closed above EMA (by default, period = 100). Crossover is not obligatory. 2. Combination of Alligator and Williams Fractals shall consider current trend as an upward (all details in "Justification of Methodology" paragraph) 3. Acceleration/Deceleration shall create one of two types of long signals (all details in "Justification of Methodology" paragraph). Buy stop order is placed one tick above the candle's high of last created long signal. 4. If price reaches the order price, long position is opened with 10% of capital. 5. If currently we have opened position and price creates and hit the order price of another one long signal, another one long position will be added to the previous with another one 10% of capital. Strategy allows to open up to 5 long trades simultaneously. 6. If combination of Alligator and Williams Fractals shall consider current trend has been changed from up to downtrend, all long trades will be closed, no matter how many trades has been opened. Script also has additional visuals. If second long trade has been opened simultaneously the Alligator's teeth line is plotted with the green color. Also for every trade in a row from 2 to 5 the label "Buy More" is also plotted just below the teeth line. With every next simultaneously opened trade the green color of the space between teeth and price became less transparent. Strategy settings In the inputs window user can setup strategy setting: EMA Length (by default = 100, period of EMA, used for long-term trend filtering EMA calculation). User can choose the optimal parameters during backtesting on certain price chart. Justification of Methodology Let's explore the key concepts of this strategy and understand how they work together. We'll begin with the simplest: the EMA. The Exponential Moving Average (EMA) is a type of moving average that assigns greater weight to recent price data, making it more responsive to current market changes compared to the Simple Moving Average (SMA). This tool is widely used in technical analysis to identify trends and generate buy or sell signals. The EMA is calculated as follows: 1.Calculate the Smoothing Multiplier: Multiplier = 2 / (n + 1), Where n is the number of periods. 2. EMA Calculation EMA = (Current Price) × Multiplier + (Previous EMA) × (1 − Multiplier) In this strategy, the EMA acts as a long-term trend filter. For instance, long trades are considered only when the price closes above the EMA (default: 100-period). This increases the likelihood of entering trades aligned with the prevailing trend. Next, let’s discuss the short-term trend filter, which combines the Williams Alligator and Williams Fractals. Williams Alligator Developed by Bill Williams, the Alligator is a technical indicator that identifies trends and potential market reversals. It consists of three smoothed moving averages: Jaw (Blue Line): The slowest of the three, based on a 13-period smoothed moving average shifted 8 bars ahead. Teeth (Red Line): The medium-speed line, derived from an 8-period smoothed moving average shifted 5 bars forward. Lips (Green Line): The fastest line, calculated using a 5-period smoothed moving average shifted 3 bars forward. When the lines diverge and align in order, the "Alligator" is "awake," signaling a strong trend. When the lines overlap or intertwine, the "Alligator" is "asleep," indicating a range-bound or sideways market. This indicator helps traders determine when to enter or avoid trades. Fractals, another tool by Bill Williams, help identify potential reversal points on a price chart. A fractal forms over at least five consecutive bars, with the middle bar showing either: Up Fractal: Occurs when the middle bar has a higher high than the two preceding and two following bars, suggesting a potential downward reversal. Down Fractal: Happens when the middle bar shows a lower low than the surrounding two bars, hinting at a possible upward reversal. Traders often use fractals alongside other indicators to confirm trends or reversals, enhancing decision-making accuracy. How do these tools work together in this strategy? Let’s consider an example of an uptrend. When the price breaks above an up fractal, it signals a potential bullish trend. This occurs because the up fractal represents a shift in market behavior, where a temporary high was formed due to selling pressure. If the price revisits this level and breaks through, it suggests the market sentiment has turned bullish. The breakout must occur above the Alligator’s teeth line to confirm the trend. A breakout below the teeth is considered invalid, and the downtrend might still persist. Conversely, in a downtrend, the same logic applies with down fractals. In this strategy if the most recent up fractal breakout occurs above the Alligator's teeth and follows the last down fractal breakout below the teeth, the algorithm identifies an uptrend. Long trades can be opened during this phase if a signal aligns. If the price breaks a down fractal below the teeth line during an uptrend, the strategy assumes the uptrend has ended and closes all open long trades. By combining the EMA as a long-term trend filter with the Alligator and fractals as short-term filters, this approach increases the likelihood of opening profitable trades while staying aligned with market dynamics. Now let's talk about Acceleration/Deceleration signals. AC indicator is calculated using the Awesome Oscillator, so let's first of all briefly explain what is Awesome Oscillator and how it can be calculated. The Awesome Oscillator (AO), developed by Bill Williams, is a momentum indicator designed to measure market momentum by contrasting recent price movements with a longer-term historical perspective. It helps traders detect potential trend reversals and assess the strength of ongoing trends. The formula for AO is as follows: AO = SMA5(Median Price) − SMA34(Median Price) where: Median Price = (High + Low) / 2 SMA5 = 5-period Simple Moving Average of the Median Price SMA 34 = 34-period Simple Moving Average of the Median Price The Acceleration/Deceleration (AC) Indicator, introduced by Bill Williams, measures the rate of change in market momentum. It highlights shifts in the driving force of price movements and helps traders spot early signs of trend changes. The AC Indicator is particularly useful for identifying whether the current momentum is accelerating or decelerating, which can indicate potential reversals or continuations. For AC calculation we shall use the AO calculated above is the following formula: AC = AO − SMA5(AO), where SMA5(AO)is the 5-period Simple Moving Average of the Awesome Oscillator When the AC is above the zero line and rising, it suggests accelerating upward momentum. When the AC is below the zero line and falling, it indicates accelerating downward momentum. When the AC is below zero line and rising it suggests the decelerating the downtrend momentum. When AC is above the zero line and falling, it suggests the decelerating the uptrend momentum. Now we can explain which AC signal types are used in this strategy. The first type of long signal is when AC value is below zero line. In this cases we need to see three rising bars on the histogram in a row after the falling one. The second type of signals occurs above the zero line. There we need only two rising AC bars in a row after the falling one to create the signal. The signal bar is the last green bar in this sequence. The strategy places the buy stop order one tick above the candle's high, which corresponds to the signal bar on AC indicator. After that we can have the following scenarios: Price hit the order on the next candle in this case strategy opened long with this price. Price doesn't hit the order price, the next candle set lower high. If current AC bar is increasing buy stop order changes by the script to the high of this new bar plus one tick. This procedure repeats until price finally hit buy order or current AC bar become decreasing. In the second case buy order cancelled and strategy wait for the next AC signal. If long trades are initiated, the strategy continues utilizing subsequent signals until the total number of trades reaches a maximum of 5. All open trades are closed when the trend shifts to a downtrend, as determined by the combination of the Alligator and Fractals described earlier. Why we use AC signals? If currently strategy algorithm considers the high probability of the short-term uptrend with the Alligator and Fractals combination pointed out above and the long-term trend is also suggested by the EMA filter as bullish. Rising AC bars after period of falling AC bars indicates the high probability of local pull back end and there is a high chance to open long trade in the direction of the most likely main uptrend. The numbers of rising bars are different for the different AC values (below or above zero line). This is needed because if AC below zero line the local downtrend is likely to be stronger and needs more rising bars to confirm that it has been changed than if AC is above zero. Why strategy use only 10% per signal? Sometimes we can see the false signals which appears on sideways. Not risking that much script use only 10% per signal. If the first long trade has been open and price continue going up and our trend approximation by Alligator and Fractals is uptrend, strategy add another one 10% of capital to every next AC signal while number of active trades no more than 5. This capital allocation allows to take part in long trades when current uptrend is likely to be strong and use only 10% of capital when there is a high probability of sideways. Backtest Results Operating window: Date range of backtests is 2023.01.01 - 2024.11.01. It is chosen to let the strategy to close all opened positions. Commission and Slippage: Includes a standard Binance commission of 0.1% and accounts for possible slippage over 5 ticks. Initial capital: 10000 USDT Percent of capital used in every trade: 10% Maximum Single Position Loss: -5.15% Maximum Single Profit: +24.57% Net Profit: +2108.85 USDT (+21.09%) Total Trades: 111 (36.94% win rate) Profit Factor: 2.391 Maximum Accumulated Loss: 367.61 USDT (-2.97%) Average Profit per Trade: 19.00 USDT (+1.78%) Average Trade Duration: 75 hours How to Use Add the script to favorites for easy access. Apply to the desired timeframe and chart (optimal performance observed on 3h BTC/USDT). Configure settings using the dropdown choice list in the built-in menu. Set up alerts to automate strategy positions through web hook with the text: {{strategy.order.alert_message}} Disclaimer: Educational and informational tool reflecting Skyrex commitment to informed trading. Past performance does not guarantee future results. Test strategies in a simulated environment before live implementation These results are obtained with realistic parameters representing trading conditions observed at major exchanges such as Binance and with realistic trading portfolio usage parameters.
Pine Script® Strategie
von Skyrexio
4
MultiLayer Awesome Oscillator Saucer Strategy [Skyrexio]Overview MultiLayer Awesome Oscillator Saucer Strategy leverages the combination of Awesome Oscillator (AO), Williams Alligator, Williams Fractals and Exponential Moving Average (EMA) to obtain the high probability long setups. Moreover, strategy uses multi trades system, adding funds to long position if it considered that current trend has likely became stronger. Awesome Oscillator is used for creating signals, while Alligator and Fractal are used in conjunction as an approximation of short-term trend to filter them. At the same time EMA (default EMA's period = 100) is used as high probability long-term trend filter to open long trades only if it considers current price action as an uptrend. More information in "Methodology" and "Justification of Methodology" paragraphs. The strategy opens only long trades. Unique Features No fixed stop-loss and take profit: Instead of fixed stop-loss level strategy utilizes technical condition obtained by Fractals and Alligator to identify when current uptrend is likely to be over (more information in "Methodology" and "Justification of Methodology" paragraphs) Configurable Trading Periods: Users can tailor the strategy to specific market windows, adapting to different market conditions. Multilayer trades opening system: strategy uses only 10% of capital in every trade and open up to 5 trades at the same time if script consider current trend as strong one. Short and long term trend trade filters: strategy uses EMA as high probability long-term trend filter and Alligator and Fractal combination as a short-term one. Methodology The strategy opens long trade when the following price met the conditions: 1. Price closed above EMA (by default, period = 100). Crossover is not obligatory. 2. Combination of Alligator and Williams Fractals shall consider current trend as an upward (all details in "Justification of Methodology" paragraph) 3. Awesome Oscillator shall create the "Saucer" long signal (all details in "Justification of Methodology" paragraph). Buy stop order is placed one tick above the candle's high of last created "Saucer signal". 4. If price reaches the order price, long position is opened with 10% of capital. 5. If currently we have opened position and price creates and hit the order price of another one "Saucer" signal another one long position will be added to the previous with another one 10% of capital. Strategy allows to open up to 5 long trades simultaneously. 6. If combination of Alligator and Williams Fractals shall consider current trend has been changed from up to downtrend, all long trades will be closed, no matter how many trades has been opened. Script also has additional visuals. If second long trade has been opened simultaneously the Alligator's teeth line is plotted with the green color. Also for every trade in a row from 2 to 5 the label "Buy More" is also plotted just below the teeth line. With every next simultaneously opened trade the green color of the space between teeth and price became less transparent. Strategy settings In the inputs window user can setup strategy setting: EMA Length (by default = 100, period of EMA, used for long-term trend filtering EMA calculation). User can choose the optimal parameters during backtesting on certain price chart. Justification of Methodology Let's go through all concepts used in this strategy to understand how they works together. Let's start from the easies one, the EMA. Let's briefly explain what is EMA. The Exponential Moving Average (EMA) is a type of moving average that gives more weight to recent prices, making it more responsive to current price changes compared to the Simple Moving Average (SMA). It is commonly used in technical analysis to identify trends and generate buy or sell signals. It can be calculated with the following steps: 1.Calculate the Smoothing Multiplier: Multiplier = 2 / (n + 1), Where n is the number of periods. 2. EMA Calculation EMA = (Current Price) × Multiplier + (Previous EMA) × (1 − Multiplier) In this strategy uses EMA an initial long term trend filter. It allows to open long trades only if price close above EMA (by default 50 period). It increases the probability of taking long trades only in the direction of the trend. Let's go to the next, short-term trend filter which consists of Alligator and Fractals. Let's briefly explain what do these indicators means. The Williams Alligator, developed by Bill Williams, is a technical indicator designed to spot trends and potential market reversals. It uses three smoothed moving averages, referred to as the jaw, teeth, and lips: Jaw (Blue Line): The slowest of the three, based on a 13-period smoothed moving average shifted 8 bars ahead. Teeth (Red Line): The medium-speed line, derived from an 8-period smoothed moving average shifted 5 bars forward. Lips (Green Line): The fastest line, calculated using a 5-period smoothed moving average shifted 3 bars forward. When these lines diverge and are properly aligned, the "alligator" is considered "awake," signaling a strong trend. Conversely, when the lines overlap or intertwine, the "alligator" is "asleep," indicating a range-bound or sideways market. This indicator assists traders in identifying when to act on or avoid trades. The Williams Fractals, another tool introduced by Bill Williams, are used to pinpoint potential reversal points on a price chart. A fractal forms when there are at least five consecutive bars, with the middle bar displaying the highest high (for an up fractal) or the lowest low (for a down fractal), relative to the two bars on either side. Key Points: Up Fractal: Occurs when the middle bar has a higher high than the two preceding and two following bars, suggesting a potential downward reversal. Down Fractal: Happens when the middle bar shows a lower low than the surrounding two bars, hinting at a possible upward reversal. Traders often combine fractals with other indicators to confirm trends or reversals, improving the accuracy of trading decisions. How we use their combination in this strategy? Let’s consider an uptrend example. A breakout above an up fractal can be interpreted as a bullish signal, indicating a high likelihood that an uptrend is beginning. Here's the reasoning: an up fractal represents a potential shift in market behavior. When the fractal forms, it reflects a pullback caused by traders selling, creating a temporary high. However, if the price manages to return to that fractal’s high and break through it, it suggests the market has "changed its mind" and a bullish trend is likely emerging. The moment of the breakout marks the potential transition to an uptrend. It’s crucial to note that this breakout must occur above the Alligator's teeth line. If it happens below, the breakout isn’t valid, and the downtrend may still persist. The same logic applies inversely for down fractals in a downtrend scenario. So, if last up fractal breakout was higher, than Alligator's teeth and it happened after last down fractal breakdown below teeth, algorithm considered current trend as an uptrend. During this uptrend long trades can be opened if signal was flashed. If during the uptrend price breaks down the down fractal below teeth line, strategy considered that uptrend is finished with the high probability and strategy closes all current long trades. This combination is used as a short term trend filter increasing the probability of opening profitable long trades in addition to EMA filter, described above. Now let's talk about Awesome Oscillator's "Sauser" signals. Briefly explain what is the Awesome Oscillator. The Awesome Oscillator (AO), created by Bill Williams, is a momentum-based indicator that evaluates market momentum by comparing recent price activity to a broader historical context. It assists traders in identifying potential trend reversals and gauging trend strength. AO = SMA5(Median Price) − SMA34(Median Price) where: Median Price = (High + Low) / 2 SMA5 = 5-period Simple Moving Average of the Median Price SMA 34 = 34-period Simple Moving Average of the Median Price Now we know what is AO, but what is the "Saucer" signal? This concept was introduced by Bill Williams, let's briefly explain it and how it's used by this strategy. Initially, this type of signal is a combination of the following AO bars: we need 3 bars in a row, the first one shall be higher than the second, the third bar also shall be higher, than second. All three bars shall be above the zero line of AO. The price bar, which corresponds to third "saucer's" bar is our signal bar. Strategy places buy stop order one tick above the price bar which corresponds to signal bar. After that we can have the following scenarios. Price hit the order on the next candle in this case strategy opened long with this price. Price doesn't hit the order price, the next candle set lower low. If current AO bar is increasing buy stop order changes by the script to the high of this new bar plus one tick. This procedure repeats until price finally hit buy order or current AO bar become decreasing. In the second case buy order cancelled and strategy wait for the next "Saucer" signal. If long trades has been opened strategy use all the next signals until number of trades doesn't exceed 5. All trades are closed when the trend changes to downtrend according to combination of Alligator and Fractals described above. Why we use "Saucer" signals? If AO above the zero line there is a high probability that price now is in uptrend if we take into account our two trend filters. When we see the decreasing bars on AO and it's above zero it's likely can be considered as a pullback on the uptrend. When we see the stop of AO decreasing and the first increasing bar has been printed there is a high probability that this local pull back is finished and strategy open long trade in the likely direction of a main trend. Why strategy use only 10% per signal? Sometimes we can see the false signals which appears on sideways. Not risking that much script use only 10% per signal. If the first long trade has been open and price continue going up and our trend approximation by Alligator and Fractals is uptrend, strategy add another one 10% of capital to every next saucer signal while number of active trades no more than 5. This capital allocation allows to take part in long trades when current uptrend is likely to be strong and use only 10% of capital when there is a high probability of sideways. Backtest Results Operating window: Date range of backtests is 2023.01.01 - 2024.11.25. It is chosen to let the strategy to close all opened positions. Commission and Slippage: Includes a standard Binance commission of 0.1% and accounts for possible slippage over 5 ticks. Initial capital: 10000 USDT Percent of capital used in every trade: 10% Maximum Single Position Loss: -5.10% Maximum Single Profit: +22.80% Net Profit: +2838.58 USDT (+28.39%) Total Trades: 107 (42.99% win rate) Profit Factor: 3.364 Maximum Accumulated Loss: 373.43 USDT (-2.98%) Average Profit per Trade: 26.53 USDT (+2.40%) Average Trade Duration: 78 hours These results are obtained with realistic parameters representing trading conditions observed at major exchanges such as Binance and with realistic trading portfolio usage parameters. How to Use Add the script to favorites for easy access. Apply to the desired timeframe and chart (optimal performance observed on 3h BTC/USDT). Configure settings using the dropdown choice list in the built-in menu. Set up alerts to automate strategy positions through web hook with the text: {{strategy.order.alert_message}} Disclaimer: Educational and informational tool reflecting Skyrex commitment to informed trading. Past performance does not guarantee future results. Test strategies in a simulated environment before live implementation
Pine Script® Strategie
von Skyrexio
1
Fractal Trail [UAlgo]The Fractal Trail is designed to identify and utilize Williams fractals as dynamic trailing stops. This tool serves traders by marking key fractal points on the chart and leveraging them to create adaptive stop-loss trails, enhancing risk management and trade decision-making. Williams fractals are pivotal in identifying potential reversals and critical support/resistance levels. By plotting fractals dynamically and providing configurable options, this indicator allows for personalized adjustments based on the trader's strategy. This script integrates both visual fractal markers and adjustable trailing stops, offering insights into market trends while catering to a wide variety of trading styles and timeframes. 🔶 Key Features Williams Fractals Identification: The indicator marks Williams Fractals on the chart, which are significant highs and lows within a specified range. These fractals are crucial for identifying potential reversal points in the market. Dynamic Trailing Stops: The indicator generates dynamic trailing stops based on the identified fractals. These stops adjust automatically as new fractals are formed, providing a responsive and adaptive approach to risk management. Fractal Range: Users can specify the number of bars to the left and right for analyzing fractals, allowing for flexibility in identifying significant price points. Trail Buffer Percentage: A percentage-based safety margin can be added between the fractal price and the trailing stop, providing additional control over risk management. Trail Invalidation Source: Users can choose whether the trailing stop flips based on candle closing prices or the extreme points (high/low) of the candles. Alerts and Notifications: The indicator provides alerts for when the price crosses the trailing stops, as well as when new Williams Fractals are confirmed. These alerts can be customized to fit the trader's notification preferences. 🔶 Interpreting the Indicator Fractal Markers: The triangles above and below the bars indicate Williams Fractals. These markers help traders identify potential reversal points in the market. Trailing Stops: The dynamic trailing stops are plotted as lines on the chart. These lines adjust based on the latest identified fractals, providing a visual representation of potential support and resistance levels. Fill Colors: The optional fill colors between the trailing stops and the price action help traders quickly identify the current trend and potential pullback zones. 🔶 Disclaimer Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals. Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator. Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies. Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses. No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Pine Script® Indikator
von UAlgo
2
Williams Fractals for ExtremesThis script, written in Pine Script (version 5), implements an indicator for the automatic detection and visualization of fractal extremes on the price chart. The core algorithm is based on Bill Williams' fractal theory and identifies local highs and lows, which are often used to determine potential reversal points and support/resistance levels in the market. ### Key Features: #### Fractal Detection: - The indicator identifies a fractal high if the middle candle in a sequence of five candles (two on the left and two on the right) has the highest value. - A fractal low is identified if the middle candle in the same type of five-candle sequence has the lowest value. #### Extreme Visualization: - Fractal highs are displayed as red dots on the chart, signaling potential local peaks. - Fractal lows are shown as green dots, indicating local troughs. ### Usage: - The indicator is designed for use across all timeframes and can be applied to both cryptocurrency and traditional financial markets. - Highlighted points allow traders to quickly spot key levels, aiding in identifying potential zones for trade entry or exit. ### Application in Trading: #### Identifying Key Levels: - Fractal highs and lows can serve as resistance and support levels. A breakout beyond a fractal in either direction may signal a continuation of movement in that direction. #### Finding Reversal Points: - Fractal extremes indicate potential market reversals, making them useful in counter-trend trading strategies. #### Adaptability to Market Conditions: - The indicator updates dynamically with the appearance of new candles, providing traders with real-time fractal extreme levels. ### Settings and Parameters: - In its current version, the script does not include customizable settings as it implements the standard concept of Williams' fractals.
Pine Script® Indikator
von suenot
Fractal Trend Detector [Skyrexio]Introduction Fractal Trend Detector leverages the combination of Williams fractals and Alligator Indicator to help traders to understand with the high probability what is the current trend: bullish or bearish. It visualizes the potential uptrend with the coloring bars in green, downtrend - in red color. Indicator also contains two additional visualizations, the strong uptrend and downtrend as the green and red zones and the white line - trend invalidation level (more information in "Methodology and it's justification" paragraph) Features Optional strong up and downtrends visualization: with the specified parameter in settings user can add/hide the green and red zones of the strong up and downtrends. Optional trend invalidation level visualization: with the specified parameter in settings user can add/hide the white line which shows the current trend invalidation price. Alerts: user can set up the alert and have notifications when uptrend/downtrend has been started, strong uptrend/downtrend started. Methodology and it's justification In this script we apply the concept of trend given by Bill Williams in his book "Trading Chaos". This approach leverages the Alligator and Fractals in conjunction. Let's briefly explain these two components. The Williams Alligator, created by Bill Williams, is a technical analysis tool used to identify trends and potential market reversals. It consists of three moving averages, called the jaw, teeth, and lips, which represent different time periods: Jaw (Blue Line): The slowest line, showing a 13-period smoothed moving average shifted 8 bars forward. Teeth (Red Line): The medium-speed line, an 8-period smoothed moving average shifted 5 bars forward. Lips (Green Line): The fastest line, a 5-period smoothed moving average shifted 3 bars forward. When the lines are spread apart and aligned, the "alligator" is "awake," indicating a strong trend. When the lines intertwine, the "alligator" is "sleeping," signaling a non-trending or range-bound market. This indicator helps traders identify when to enter or avoid trades. Williams Fractals, introduced by Bill Williams, are a technical analysis tool used to identify potential reversal points on a price chart. A fractal is a series of at least five consecutive bars where the middle bar has the highest high (for a up fractal) or the lowest low (for a down fractal), compared to the two bars on either side. Key Points: Up fractal: Formed when the middle bar shows a higher high than the two preceding and two following bars, signaling a potential turning point downward. Down fractal: Formed when the middle bar has a lower low than the two surrounding bars, indicating a potential upward reversal. Fractals are often used with other indicators to confirm trend direction or reversal, helping traders make more informed trading decisions. How we can use its combination? Let's explain the uptrend example. The up fractal breakout to the upside can be interpret as bullish sign, there is a high probability that uptrend has just been started. It can be explained as following: the up fractal created is the potential change in market's behavior. A lot of traders made a decision to sell and it created the pullback with the fractal at the top. But if price is able to reach the fractal's top and break it, this is a high probability sign that market "changed his opinion" and bullish trend has been started. The moment of breaking is the potential changing to the uptrend. Here is another one important point, this breakout shall happen above the Alligator's teeth line. If not, this crossover doesn't count and the downtrend potentially remaining. The inverted logic is true for the down fractals and downtrend. According to this methodology we received the high probability up and downtrend changes, but we can even add it. If current trend established by the indicator as the uptrend and alligator's lines have the following order: lips is higher than teeth, teeth is higher than jaw, script count it as a strong uptrend and start print the green zone - zone between lips and jaw. It can be used as a high probability support of the current bull market. The inverted logic can be used for bearish trend and red zones: if lips is lower than teeth and teeth is lower than jaw it's interpreted by the indicator as a strong down trend. Indicator also has the trend invalidation line (white line). If current bar is green and market condition is interpreted by the script as an uptrend you will see the invalidation line below current price. This is the price level which shall be crossed by the price to change up trend to down trend according to algorithm. This level is recalculated on every candle. The inverted logic is valid for downtrend. How to use indicator Apply it to desired chart and time frame. It works on every time frame. Setup the settings with enabling/disabling visualization of strong up/downtrend zones and trend invalidation line. "Show Strong Bullish/Bearish Trends" and "Show Trend Invalidation Price" checkboxes in the settings. By default they are turned on. Analyze the price action. Indicator colored candle in green if it's more likely that current state is uptrend, in red if downtrend has the high probability to be now. Green zones between two lines showing if current uptrend is likely to be strong. This zone can be used as a high probability support on the uptrend. The red zone show high probability of strong downtrend and can be used as a resistance. White line is showing the level where uptrend or downtrend is going be invalidated according to indicator's algorithm. If current bar is green invalidation line will be below the current price, if red - above the current price. Set up the alerts if it's needed. Indicator has four custom alerts called "Uptrend has been started" when current bar closed as green and the previous was not green, "Downtrend has been started" when current bar closed red and the previous was not red, "Uptrend became strong" if script started printing the green zone "Downtrend became strong" if script started printing the red zone. Disclaimer: Educational and informational tool reflecting Skyrex commitment to informed trading. Past performance does not guarantee future results. Test indicators before live implementation.
Pine Script® Indikator
von Skyrexio