Williams Fractals

BoaBias Fractals High & Lows is an indicator based on Bill Williams' fractals that helps identify key support and resistance levels on the chart. It displays horizontal lines at fractal highs (red) and lows (green), which extend to the current bar. Lines automatically disappear if the price breaks through them, leaving only the relevant levels. Additionally, the indicator shows the price values of active fractals on the price scale for convenient monitoring.

Key Features:
Customizable Fractals: Choose between 3-bar or 5-bar fractals (default: 3-bar).
Period: Adjust the number of periods for calculation
Visualization: Red lines for highs (resistance), green for lows (support). Lines are fixed on the chart and persist during scrolling or scaling changes.
Alert System: Notifications for the formation of a new fractal high/low and for level breaks (Fractal High Formed, Fractal Low Formed, Fractal High Broken, Fractal Low Broken).

How to Use:
Add the indicator to the chart.
Configure parameters: select the fractal type (3 or 5 bars) and period.
Set up alerts in TradingView to receive notifications about new fractals or breaks.
Use the lines as levels for entry/exit positions, stop-losses, or take-profits in fractal-based strategies.
Troubleshooting: If Levels Are Not Fixed on the Chart
If the levels (fractal lines) do not stay fixed on the chart and fail to move with it during scrolling or scaling (e.g., they remain stationary while the chart shifts), this is typically due to the indicator's scale settings in TradingView. The indicator may be set to "No scale," causing the lines to desynchronize from the chart's price scale.

What to Do:
Locate the Indicator Label: On the chart, find the indicator label in the top-left corner of the pane (or where "BoaBias Fractals High & Lows" is displayed).
Right-Click the Label: Click the right mouse button on this label.
Adjust the Scale:
In the context menu, look for the "Scale" or "Pin to scale" option.
If it shows "Pin to scale (now no scale)" or similar, select "Pin to right scale" (or "Pin to left scale," depending on your chart's main price scale—usually the right).
Refresh the Chart: After changing the setting, refresh the chart (press F5 or reload the page), or toggle the indicator off and on again to apply the changes.
After this, the lines should move and scale with the chart during scrolling (horizontal or vertical) or zooming. If the issue persists, check:

TradingView Limits: The indicator may draw too many lines (maximum ~500 per script). If there are many historical fractals, older lines might not display.
Chart Settings: Ensure the chart is not in logarithmic scale (if applicable) or that auto-scaling is enabled.
Indicator Version: Verify you are using the latest script version (Pine Script v6) and check for errors in the TradingView console.
This indicator is ideal for traders working with Bill Williams' chaos theory or those seeking dynamic support/resistance levels. It is based on standard fractals but with enhancements for convenience: automatic removal of broken levels and integration with the price scale.

Note: The indicator does not provide trading signals on its own — use it in combination with other tools. Test on historical data before real trading.

Code written in Pine Script v6. Original template: Mit Nayi.