I am playing William's Fractals and got an idea to calculate each fractal's strength by these rules: - downFractal. FractalROC = (close - lowest(n+1))/(open【2*n】-lowest(n+1)) - upFractal FractalROC = (highest(n+1)-close)/(highest(n+1)-open【2*n】) And set up a level to filter small fractals. Bigger FractalROC, Stronger trend
OS Alligator includes Bill and Justine Williams´ indicators explained both in their "New Trading Dimensions" and "Trading Chaos: Second Edition" books. This script replicates the visual alerts shown on their graphs. OS Alligator includes: - Fractals (with labels for easy reading) - Divergent Bars (signaled by top and bottom triangles) - Zone bar colors (the bar...
Buy when above 200 EMA, 50 RSI and right after a bearish engulfing candle. SL is engulfing candle low and take profit is 2x the risk.
Introduction to iTradeAIMS The Box Indicator Here I will attempt to give a brief introduction to this amazing indicator that has revolutionised my trading since 2009. Everything in the universe is energy and energy follows the path of least resistance. When it moves it heavily influenced by a structure. When energy flows it reacts to the underlying...
Confirmation candle include 2 price action patterns to confirm reversal. First one is clasic engulf. Second one is 3 candles patter that shows failed auciton. Patterns are confirmation for trend setups, not reversal.
Combination of exponential moving averages allow to spot the trend reversal and expansion, Bill Williams fractals and support resistance zones allow to trade without drawing anything. Just follow the trend. Study your chart. Note which EMA act as support and bounce most of tests. Most often I use 21/34 EMA for new entries. Most powerful trend indicator is MAWV....
in case you don’t know what fractal is fractal is a way of a trading by finding critical price levels those critical price levels formed every five candle The middle candle is the critical one, The high or low of this candle is considered support or resistant at the current moment. The current implementation of fractals indicators across many platforms,...
Identifying a trend reversal is practically tricky, given that price movement is somewhat unpredictable and mostly obeys a power law. In which the price difference is primarily out of normal distribution. According to Benoit Mandelbrot, the price distribution follows an alpha-stable distribution with α equal to 1.7. Real data observation suggests that stock...
Fractals (Expo) make use of fractals to identify trends and reversals. The indicator is designed to adapt smoothly and quickly to significant price moves in order to identify trend reversals as well as filtering out noise in an established trend. The indicator is simple to use and understand therefore valuable to all trading styles. The user has the ability to...
Gives long-term buy signals for Bitcoin from dips and recoveries in the hashrate (the "miner capitulation" theory). It has an overlay and a standalone mode and is fully configurable. It uses Williams Lows and ATR instead of moving averages. Features that might be interesting for Pinescripters: + Automatic (as far as is possible currently) adjustment of plots for...
Basic Trend Line base on fractals (v0.1) Can not draw a line on the future X axis, So just a line segment but not a ray. I don't have a better idea to upgrade...
Custom William Fractals for alerts and educational purpose. Added custom alerts for Williams Fractals. Also added filter to show less fractals on chart. The simple idea how I use fractals in Binary Option is to determine temporary resistance and support. Simple strategy: - Mark Resistance/Support on higher time frame (e.g. 5M) - Set an alert for new...
A simpler script to filter fractals and support large range parameter.
This indicator is based on Williams Fractals and the TopDog Trading "Rubber Band Trade" The Deep Fractal Signals are triangles that indicate the price is forming a pattern of decreasing lows in a down trend (orange) or, increasing highs in an up trend (green). The triangles are placed above or below the last bar of the pattern, unlike Fractals which are drawn 2...
The Script is called a MSB/MarketStructureBreak This script is meant to teach you on how the 2 candles are responsible for the breakout and shows you patience The best way to use this indicator is by putting the "SMA 50 SMA 200" settings helps filter out the false calls As well, if you use this in a bigger time frame like 1 HOUR, 4 HOUR, Daily, and Weekly it will...
I have decided that, its time to give back something to trading community so that channel/group members benefit from it. As usual, its without any commercial interests and hence published it publicly for free (without source code because its my own effort and don't want to share the source code to all). This is complete non-repaint version of my #DarvasBox...
This strategy is H1 timeframe only. No indicators used. No volumes, just price action. The trend is determined by a candlestick pattern, entry points are fractals. Takeprofit is ATR(14), stoploss is 3*ATR(14) (yess, bad maths, we can discuss if you want) but you can use only entries and close when you want. This is my second script here, so I didn't tested for...
This Fractal Stop-Loss Overlay sets a trailing fractal top and bottom to help identify the support and resistances for the current candle. Use the link below to obtain access to this indicator