Market Structure CHoCH/BOS (Fractal) [LuxAlgo]The Market Structure CHoCH/BOS (Fractal) indicator is an experimental take on classical market structure, whereas fractal patterns are used for their construction instead of swing points.
Compared to utilizing swing points for highlighting market structure like our Smart Money Concepts indicator , fractal-based market structure can appear as more adaptive, however, it can also be more restrictive when it comes to returning swing points which can cause the indicator to miss reversals in some cases.
If enabled from within the settings, users can see support and resistance levels returned from the detected market structure with breakouts highlighted on the chart. Alongside this feature, an additional dashboard showing the structure to fractal structure percentage is also provided.
🔶 SETTINGS
Length: Length of the fractal patterns to detect.
🔹 Style
Bullish Structures: Show bullish structures.
Bearish Structures: Show bullish structures.
Support: Show support levels.
Resistance: Show resistance levels.
🔹 Dashboard
Show Dashboard: Show structure to fractal percentage dashboard on the chart.
Location: Location of the dashboard on the chart.
Size: Dashboard size.
🔶 USAGE
Market structure is commonly used to determine trend direction by using price positions relative to prior swing points. Using fractal patterns to determine market structure can allow users to obtain shorter, more frequent structure labels.
Market structure is commonly classified as follows:
Change of Character (CHoCH), also referred to as Market Structure Shift (MSS)
Break of Structure (BOS), also referred to as Market Structure Break (MSB)
Change of Characters indicate a shift in the market trend, confirming trend reversals. Break of Structures on the other hand occur once a trend is already determined, confirming new higher highs/lower lows.
Using higher length values allow users to detect longer-term fractals, thus highlighting longer-term market structures. The image above detects fractal patterns made of 7 candles, even if the increment is only of 2 bars this significantly reduces the amount of detected market structure labels.
The result obtained by utilizing fractals and higher settings can be a more dynamic view of market structure, however, as seen in the image above this can introduce very significant delay compared to utilizing pure swing points.
🔹 Support/Resistance
The indicator also returns support/resistance levels constructed from the market structure, these levels are obtained similarly to order blocks, finding the minimum on the interval of a bullish market structure and the maximum of a bearish market structure.
Price reaching a support/resistance level can be expected to bounce from it. Once a level is broken, the support/resistance level will no longer extend, and a circle will be displayed highlighting the break.
While utilizing this script for fractal-based market structure, these levels can be useful to ensure all swing points are still considered by the user with the possibility of the indicator missing reversals due to its calculation not being based on swing points themselves.
🔹 Dashboard
The dashboard reports the structure to fractal percentage, that is the amount of bullish/bearish market structures relative to the total amount of detected bullish/bearish fractal patterns.
This allows us to see how often a detected fractal pattern is used to display a market structure.
🔶 DETAILS
🔹 Fractals
In the context of technical analysis, Fractals refer to specific patterns that exhibit self-similarity at different scales or timeframes.
The most commonly known fractal pattern consists of a consecutive sequence of candles (more commonly 5), with the central candle being the lowest (in case of a bullish fractal) or highest (in case of a bearish fractal).
A bullish fractal has candles on the right side of the central candle with increasing lows, while candles on the left side have decreasing lows.
A bearish fractal has candles on the right side of the central candle with decreasing highs, while candles on the left side have increasing highs.
🔶 RELATED SCRIPTS
🔹 Smart Money Concepts
🔹 Market Structure Trailing Stop
🔹 ICT Concepts
Cari dalam skrip untuk "fractals"
Williams Fractals with BreaksThis is a Bill Williams fractal indicator with breaks.
I was turned onto fractals and the importance of their breaks by ChaosTrader63.
I know several version of this indicator have been done.
I chose this as a first project because of it's simplicity , but also because of the poor code quality of some other versions I looked at.
This is the first draft that successfully met my three criteria:
* Must identify all fractals, including simultaneous up/down fractals.
* Must identify fractal breaks with a clear indicator.
* Must provide information on how many fractals
For the first bullet, I wanted to provide a more concise modern version than the boolean logic composition I was seeing in other examples.
The later two required tracking the past which was not present in the other versions I looked at.
Code here can be improved for more uses and better integration, but it is functional and elegant enough to use.
Thanks for checking it out.
Jolly Wizard
Williams Fractals with Alerts by MrTuanDoanCustom 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 fractal
- Whenever a new fractal that appears close to your marked Resistance/Support, go to lower time frame (e.g. 1M)
- Wait for rejection at the level that lower than new down fractal (or higher than new up fractal).
- Enter with the same expiry of lower time frame.
Good luck and happy trading. :-)
[HM] Fibonacci Fractals Absolute Auto v20221114Basically:
F - Fibonacci levels
F - fractals: retracement of retracement
A - absolute: based on two fixed points instead user chosen Fibonacci points
A - auto: automatically draws based on volatility
Explanation:
This script will automatically trace TWO Fibonacci levels from these points:
- ALL TIME HIGH (ATH) and ALL TIME LOW ( ATL ) prices
This is our first Fibonacci FRACTAL retracement and the line caption will show ONE character:
"↥" for 0.618
"↧" for 0.382
The FRACTAL with two lines will define THREE regions.
The second Fibonacci FRACTAL retracement will show TWO characters:
the same "↥" "↧" characters with:
"a" if the price is between TOP region of previous fractal
"b" if the price is between MIDDLE region of previous fractal
"c" if the price is between BOTTOM region of previous fractal
The third Fibonacci FRACTAL will show THREE characters and so on.
Delimited by volatility (otherwise this script will go to 10th fractal maximum).
OPTIONS to give a try:
- use ALL TIME HIGH and ZERO prices (instead ATH and ATL )
- use a non-Fibonacci retracement:
---> "⅓": 1/3 and 2/3 levels instead 0.618 and 0.382 (based on chess master Hindenburg Melão article hint)
---> "fibonaccing": 0.764 and 0.236 levels (based on Brazilian trader Marco Antonio Rossi method hint)
#script under development, sugestions and questions are welcome.
[JL] Fractals ATR BlockI decided to combine Fractal ROC , ATR Break, and Order Blocks to an Indicator
The Fractal ROC , ATR Break, and Order Blocks indicator combines three concepts to help traders identify potential trade opportunities and manage risk. By using a combination of Fractal ROC , ATR Break, and Order Blocks, traders can gain a deeper understanding of market dynamics and make more informed trading decisions.
Fractal ROC is a momentum-based indicator that calculates the rate of change of the price between fractals, which are turning points in the market. It is calculated by taking the difference between the closing price and the lowest price in the previous n+1 periods, and dividing it by the difference between the open price 2n periods ago and the lowest price in the previous n+1 periods. This calculation is done for both up and down fractals. When the Fractal ROC value is greater than the ROC Break Level (as determined by the input variable roclevel), it indicates a potential momentum shift in the market. This can be used to identify potential trade entries or exits, depending on your trading strategy.
ATR Break is an indicator that helps traders identify significant price movements in the market. It measures the distance between the price and the Average True Range (ATR), which is a measure of the volatility of the market. ATR Break is calculated by taking the difference between the close and high/low, and dividing it by the previous ATR value. This calculation is done for both up and down movements. When the ATR Break value is greater than the ATR Break Level (as determined by the input variable atrlevel), it indicates a significant move in the market. This can be used to identify potential breakouts or breakdowns, and can be used to set stop-loss and take-profit levels.
An Order Block is a price level where significant buying or selling activity has taken place. The order blocks made by ATR Break and Fractal ROC are drawn using boxes on the chart. When the ATR or Fractal ROC level is breached, a box is drawn with the high and low of the candle that breached the level as the top and bottom of the box, respectively. The box is then extended to the right until the end of the chart or until another ATR or Fractal ROC level is breached, at which point a new box is drawn. This allows traders to easily identify significant price movements and potential support and resistance levels on the chart. When an Order Block is identified, it can be used as a potential support or resistance level . If price approaches an Order Block from below, it is likely to bounce off this level and continue in an upward direction. Similarly, if price approaches an Order Block from above, it is likely to bounce off this level and continue in a downward direction. Traders can use these levels to identify potential trade entries or exits, as well as to set stop-loss and take-profit levels.
Overall, the Fractal ROC , ATR Break, and Order Blocks indicator is a powerful tool for traders who want to identify potential trade opportunities and manage risk. By combining these three concepts, traders can gain a deeper understanding of market dynamics and make more informed trading decisions. As with any indicator, it is important to use it in conjunction with other analysis tools and to have a clear trading plan in place.
robotrading ZZ-8 fractalsThis is another version of my ZZ type strategy. This script now uses Bill Williams' fractals.
Strategy
Step 1: Calculate Bill Williams' Fractals
Step 2. A line is drawn from the fractal
Step 3. Create a stop order to enter the position on the line
Trading
If the price is above the lime line, open a long position (and close a short position).
If the price is below the red line, open a short position (and close a long position).
For
"Cryptocurrency / fiat or stablecoins" (BTC/USD, ETH/USDT, etc)
Timeframe 4 hours or more
Two Fractals TrendlinesThis study draws a trend line for the last two Bill Williams up-fractals and down-fractals.
Trend line break signals and alerts can optionally be added.
Price Action Fractal Forecasts [AlgoAlpha]🔮 Price Action Fractal Forecasts - Unleash the Power of Historical Patterns! 🌌✨
Dive into the future with AlgoAlpha's Price Action Fractal Forecasts ! This innovative indicator utilizes the mesmerizing complexity of fractals to predict future price movements, offering traders a unique edge in the market. By analyzing historical price action and identifying repeating patterns, this tool forecasts future price trends, providing visually engaging and actionable insights.
Key Features:
🔄 Flexible Data Series Selection: Choose your preferred data series for precise analysis.
🕰 Flexible Training and Reference Data Windows: Customize the length of training data and reference periods to match your trading style.
📈 Custom Forecast Length: Adjust the forecast horizon to suit your strategic objectives.
🌈 Customizable Visual Elements: Tailor the colors of forecast deviation cones, data reference areas, and more for optimal chart readability.
🔄 Anticipatory and Repetitive Forecast Modes: Select between anticipating future trends or identifying repetitive patterns for forecasts.
🔎 Enhanced Similarity Search: Leverages correlation metrics to find the most similar historical data segments.
📊 Forecast Deviation Cone: Visualize potential price range deviations with adjustable multipliers.
🚀 Quick Guide to Maximizing Your Trading with Price Action Fractal Forecasts:
🛠 Add the Indicator: Search for "Price Action Fractal Forecasts" in TradingView's Indicators & Strategies. Customize settings according to your trading strategy.
📊 Strategic Forecasting: Monitor the forecast deviation cone and forecast directional changes for insights into potential future price movements.
🔔 Alerts for Swift Action: Set up notifications based on forecast changes to stay ahead of market movements without constant monitoring.
Behind the Magic: How It Works
The core of the Price Action Fractal Forecasts lies in its ability to compare current market behavior with historical data to unearth similar patterns. It first establishes a training data window to analyze historical prices. Within this window, it then defines a reference length to identify the most recent price action that will serve as the basis for comparison. The indicator searches through the historical data within the training window to find segments that closely match the recent price action in the reference period.
Depending on whether you choose the anticipatory or repetitive forecast mode, the indicator either looks ahead to predict future prices based on past outcomes following similar patterns or focuses on the repeating patterns within the reference period itself for forecasts. The forecast's direction can be configured to reflect the mean average of forecasted prices or the end-point relative to the start-point of the forecast, offering flexibility in how forecasts are interpreted.
To enhance the comprehensiveness and visualization, the indicator features a forecast deviation cone. This cone represents the potential range of price movements, providing a visual cue for volatility and uncertainty in the forecasted prices. The intensity of this cone can be adjusted to suit individual preferences, offering a visual guide to the level of risk and uncertainty associated with the forecasted price path.
Embrace the fractal magic of markets with AlgoAlpha's Price Action Fractal Forecasts and transform your trading today! 🌟🚀
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.
William Fractals + SignalsWilliams Fractals + Trading Signals
This indicator identifies Williams Fractals and generates trading signals based on price sweeps of these fractal levels.
Williams Fractals are specific candlestick patterns that identify potential market turning points. Each fractal requires a minimum of 5 bars (2 before, 1 center, 2 after), though this indicator allows you to customize the number of bars checked.
Up Fractal (High Point) forms when you have a center bar whose HIGH is higher than the highs of 'n' bars before and after it. For example, with n=2, you'd see a pattern where the center bar's high is higher than 2 bars before and 2 bars after it. The indicator also recognizes patterns where up to 4 bars after the center can have equal highs before requiring a lower high.
Down Fractal (Low Point) forms when you have a center bar whose LOW is lower than the lows of 'n' bars before and after it. For example, with n=2, you'd see a pattern where the center bar's low is lower than 2 bars before and 2 bars after it. The indicator also recognizes patterns where up to 4 bars after the center can have equal lows before requiring a higher low.
Trading Signals:
The indicator generates signals when price "sweeps" these fractal levels:
Buy Signal (Green Triangle) triggers when price sweeps a down fractal. This requires price to go BELOW the down fractal's low level and then CLOSE ABOVE it . This pattern often indicates a failed breakdown and potential reversal upward.
Sell Signal (Red Triangle) triggers when price sweeps an up fractal. This requires price to go ABOVE the up fractal's high level and then CLOSE BELOW it. This pattern often indicates a failed breakout and potential reversal downward.
Customizable Settings:
1. Periods (default: 10) - How many bars to check before and after the center bar (minimum value: 2)
2. Maximum Stored Fractals (default: 1) - How many fractal levels to keep in memory. Older levels are removed when this limit is reached to prevent excessive signals and maintain indicator performance.
Important Notes:
• The indicator checks the actual HIGH and LOW prices of each bar, not just closing prices
• Fractal levels are automatically removed after generating a signal to prevent repeated triggers
• Signals are only generated on bar close to avoid false triggers
• Alerts include the ticker symbol and the exact price level where the sweep occurred
Common Use Cases:
• Identifying potential reversal points
• Finding stop-hunt levels where price might reverse
• Setting stop-loss levels above up fractals or below down fractals
• Trading failed breakouts/breakdowns at fractal levels
Alligator + Fractals + Divergent & Squat Bars + Signal AlertsThe indicator includes Williams Alligator, Williams Fractals, Divergent Bars, Market Facilitation Index, Highest and Lowest Bars, maximum and minimum peak of Awesome Oscillator, and signal alerts based on Bill Williams' Profitunity strategy.
MFI and Awesome Oscillator
According to the Market Facilitation Index Oscillator, the Squat bar is colored blue, all other bars are colored according to the Awesome Oscillator color, except for the Fake bars, colored with a lighter AO color. In the indicator settings, you can enable the display of "Green" bars (in the "Green Bars > Show" field). In the indicator style settings, you can disable changing the color of bars in accordance with the AO color (in the "AO bars" field), including changing the color for Fake bars (in the "Fake AO bars" field).
MFI is calculated using the formula: (high - low) / volume.
A Squat bar means that, compared to the previous bar, its MFI has decreased and at the same time its volume has increased, i.e. MFI < previous bar and volume > previous bar. A sign of a possible price reversal, so this is a particularly important signal.
A Fake bar is the opposite of a Squat bar and means that, compared to the previous bar, its MFI has increased and at the same time its volume has decreased, i.e. MFI > previous bar and volume < previous bar.
A "Green" bar means that, compared to the previous bar, its MFI has increased and at the same time its volume has increased, i.e. MFI > previous bar and volume > previous bar. A sign of trend continuation. But a more significant trend confirmation or warning of a possible reversal is the Awesome Oscillator, which measures market momentum by calculating the difference between the 5 Period and 34 Period Simple Moving Averages (SMA 5 - SMA 34) based on the midpoints of the bars (hl2). Therefore, by default, the "Green" bars and their opposite "Fade" bars are colored according to the color of the Awesome Oscillator.
According to Bill Williams' Profitunity strategy, using the Awesome Oscillator, the third Elliott wave is determined by the maximum peak of AO in the range from 100 to 140 bars. The presence of divergence between the maximum AO peak and the subsequent lower AO peak in this interval also warns of a possible correction, especially if the AO crosses the zero line between these AO peaks. Therefore, the chart additionally displays the prices of the highest and lowest bars, as well as the maximum or minimum peak of AO in the interval of 140 bars from the last bar. In the indicator settings, you can hide labels, lines, change the number of bars and any parameters for the AO indicator - method (SMA, Smoothed SMA, EMA and others), length, source (open, high, low, close, hl2 and others).
Bullish Divergent bar
🟢 A buy signal (Long) is a Bullish Divergent bar with a green circle displayed above it if such a bar simultaneously meets all of the following conditions:
The high of the bar is below all lines of the Alligator indicator.
The closing price of the bar is above its middle, i.e. close > (high + low) / 2.
The low of the bar is below the low of 2 previous bars or below the low of one previous bar, and the low of the second previous bar is a lower fractal (▼). By default, Divergent bars are not displayed, the low of which is lower than the low of only one previous bar and the low of the 2nd previous bar is not a lower fractal (▼), but you can enable the display of any Divergent bars in the indicator settings (by setting the value "no" in the " field Divergent Bars > Filtration").
The following conditions strengthen the Bullish Divergent bar signal:
The opening price of the bar, as well as the closing price, is higher than its middle, i.e. Open > (high + low) / 2.
The high of the bar is below all lines of the open Alligator indicator, i.e. the green line (Lips) is below the red line (Teeth) and the red line is below the blue line (Jaw). In this case, the color of the circle above the Bullish Divergent bar is dark green.
Squat Divergent bar.
The bar following the Bullish Divergent bar corresponds to the green color of the Awesome Oscillator.
Divergence on Awesome Oscillator.
Formation of the lower fractal (▼), in which the low of the Divergent bar is the peak of the fractal.
Bearish Divergent bar
🔴 A signal to sell (Short) is a Bearish Divergent bar under which a red circle is displayed if such a bar simultaneously meets all the following conditions:
The low of the bar is above all lines of the Alligator indicator.
The closing price of the bar is below its middle, i.e. close < (high + low) / 2.
The high of the bar is higher than the high of 2 previous bars or higher than the high of one previous bar, and the high of the second previous bar is an upper fractal (▲). By default, Divergent bars are not displayed, the high of which is higher than the high of only one previous bar and the high of the 2nd previous bar is not an upper fractal (▲), but you can enable the display of any Divergent bars in the indicator settings (by setting the value "no" in the " field Divergent Bars > Filtration").
The following conditions strengthen the Bearish Divergent bar signal:
The opening price of the bar, as well as the closing price, is below its middle, i.e. open < (high + low) / 2.
The low of the bar is above all lines of the open Alligator indicator, i.e. the green line (Lips) is above the red line (Teeth) and the red line is above the blue line (Jaw). In this case, the color of the circle under the Bearish Divergent bar is dark red.
Squat Divergent bar.
The bar following the Bearish Divergent bar corresponds to the red color of the Awesome Oscillator.
Divergence on Awesome Oscillator.
Formation of the upper fractal (▲), in which the high of the Divergent bar is the peak of the fractal.
Alligator lines crossing
Bars crossing the green line (Lips) of the open Alligator indicator is the first warning of a possible correction (price rollback) if one of the following conditions is met:
If the bar closed below the Lips line, which is above the Teeth line, and the Teeth line is above the Jaw line, while the closing price of the previous bar is above the Lips line.
If the bar closed above the Lips line, which is below the Teeth line, and the Teeth line is below the Jaw line, while the closing price of the previous bar is below the Lips line.
The intersection of all open Alligator lines by bars is a sign of a deep correction and a warning of a possible trend change.
Frequent intersection of Alligator lines with each other is a sign of a sideways trend (flat).
Signal Alerts
To receive notifications about signals when creating an alert, you must select the condition "Any alert() function is call", in which case notifications will arrive in the following format:
D — timeframe, for example: D, 4H, 15m.
🟢 BDB⎾ - a signal for a Bullish Divergent bar to buy (Long), triggers once after the bar closes and includes additional signals:
/// — if Alligator is open.
⏉ — if the opening price of the bar, as well as the closing price, is above its middle.
+ Squat 🔷 - Squat bar or + Green ↑ - "Green" bar or + Fake ↓ - Fake bar.
+ AO 🟩 - if after the Divergent bar closes, the oscillator color change for the next bar corresponds the green color of the Awesome Oscillator. ┴/┬ — AO above/below the zero line. ∇ — if there is divergence on AO in the interval of 140 bars from the last bar.
🔴 BDB⎿ - a signal for a Bearish Divergent bar to sell (Short), triggers once after the bar closes and includes additional signals:
/// — if Alligator is open.
⏊ — if the opening price of the bar, as well as the closing price, is below its middle.
+ Squat 🔷 - Squat bar or + Green ↑ - "Green" bar or + Fake ↓ - Fake bar.
+ AO 🟥 - if after the Divergent bar closes, the oscillator color change for the next bar corresponds to the red color of the Awesome Oscillator. ┴/┬ — AO above/below the zero line. ∇ — if there is divergence on AO in the interval of 140 bars from the last bar.
Alert for bars crossing the green line (Lips) of the open Alligator indicator (can be disabled in the indicator settings in the "Alligator > Enable crossing lips alerts" field):
🔴 Crossing Lips ↓ - if the bar closed below the Lips line, which is above than the other lines, while the closing price of the previous bar is above the Lips line.
🟢 Crossing Lips ↑ - if the bar closed above the Lips line, which is below the other lines, while the closing price of the previous bar is below the Lips line.
The fractal signal is triggered after the second bar closes, completing the formation of the fractal, if alerts about fractals are enabled in the indicator settings (the "Fractals > Enable alerts" field):
🟢 Fractal ▲ - upper (Bearish) fractal.
🔴 Fractal ▼ — lower (Bullish) fractal.
⚪️ Fractal ▲/▼ - both upper and lower fractal.
↳ (H=high - L=low) = difference.
If you redirect notifications to a webhook URL, for example, to a Telegram bot, then you need to set the notification template for the webhook in the indicator settings in the "Webhook > Message" field (contains a tooltip with an example), in which you just need to specify the text {{message}}, which will be automatically replaced with the alert text with a ticker and a link to TradingView.
‼️ A signal is not a call to action, but only a reason to analyze the chart to make a decision based on the rules of your strategy.
***
Индикатор включает в себя Williams Alligator, Williams Fractals, Дивергентные бары, Market Facilitation Index, самый высокий и самый низкий бары, максимальный и минимальный пик Awesome Oscillator, а также оповещения о сигналах на основе стратегии Profitunity Билла Вильямса.
MFI и Awesome Oscillator
В соответствии с осциллятором Market Facilitation Index Приседающий бар окрашен в синий цвет, все остальные бары окрашены в соответствии с цветом Awesome Oscillator, кроме Фальшивых баров, которые окрашены более светлым цветом AO. В настройках индикатора вы можете включить отображение "Зеленых" баров (в поле "Green Bars > Show"). В настройках стиля индикатора вы можете выключить изменение цвета баров в соответствии с цветом AO (в поле "AO bars"), в том числе изменить цвет для Фальшивых баров (в поле "Fake AO bars").
MFI рассчитывается по формуле: (high - low) / volume.
Приседающий бар означает, что по сравнению с предыдущим баром его MFI снизился и в тоже время вырос его объем, т.е. MFI < предыдущего бара и объем > предыдущего бара. Признак возможного разворота цены, поэтому это особенно важный сигнал.
Фальшивый бар является противоположностью Приседающему бару и означает, что по сравнению с предыдущим баром его MFI увеличился и в тоже время снизился его объем, т.е. MFI > предыдущего бара и объем < предыдущего бара.
"Зеленый" бар означает, что по сравнению с предыдущим баром его MFI увеличился и в тоже время вырос его объем, т.е. MFI > предыдущего бара и объем > предыдущего бара. Признак продолжения тренда. Но более значимым подтверждением тренда или предупреждением о возможном развороте является Awesome Oscillator, который измеряет движущую силу рынка путем вычисления разницы между 5 Периодной и 34 Периодной Простыми Скользящими Средними (SMA 5 - SMA 34) по средним точкам баров (hl2). Поэтому по умолчанию "Зеленые" бары и противоположные им "Увядающие" бары окрашены в соответствии с цветом Awesome Oscillator.
По стратегии Profitunity Билла Вильямса с помощью осциллятора Awesome Oscillator определяется третья волна Эллиота по максимальному пику AO в интервале от 100 до 140 баров. Наличие дивергенции между максимальным пиком AO и следующим за ним более низким пиком AO в этом интервале также предупреждает о возможной коррекции, особенно если AO переходит через нулевую линию между этими пиками AO. Поэтому на графике дополнительно отображаются цены самого высокого и самого низкого баров, а также максимальный или минимальный пик АО в интервале 140 баров от последнего бара. В настройках индикатора вы можете скрыть метки, линии, изменить количество баров и любые параметры для индикатора AO – метод (SMA, Smoothed SMA, EMA и другие), длину, источник (open, high, low, close, hl2 и другие).
Бычий Дивергентный бар
🟢 Сигналом на покупку (Long) является Бычий Дивергентный бар над которым отображается зеленый круг, если такой бар соответствует одновременно всем следующим условиям:
Максимум бара ниже всех линий индикатора Alligator.
Цена закрытия бара выше его середины, т.е. close > (high + low) / 2.
Минимум бара ниже минимума 2-х предыдущих баров или ниже минимума одного предыдущего бара, а минимум второго предыдущего бара является нижним фракталом (▼). По умолчанию не отображаются Дивергентные бары, минимум которых ниже минимума только одного предыдущего бара и минимум 2-го предыдущего бара не является нижним фракталом (▼), но вы можете включить отображение любых Дивергентных баров в настройках индикатора (установив значение "no" в поле "Divergent Bars > Filtration").
Усилением сигнала Бычьего Дивергентного бара являются следующие условия:
Цена открытия бара, как и цена закрытия, выше его середины, т.е. Open > (high + low) / 2.
Максимум бара ниже всех линий открытого индикатора Alligator, т.е. зеленая линия (Lips) ниже красной линии (Teeth) и красная линия ниже синей линии (Jaw). В этом случае цвет круга над Бычьим Дивергентным баром окрашен в темно-зеленый цвет.
Приседающий Дивергентный бар.
Бар, следующий за Бычьим Дивергентным баром, соответствует зеленому цвету Awesome Oscillator.
Дивергенция на Awesome Oscillator.
Образование нижнего фрактала (▼), у которого минимум Дивергентного бара является пиком фрактала.
Медвежий Дивергентный бар
🔴 Сигналом на продажу (Short) является Медвежий Дивергентный бар под которым отображается красный круг, если такой бар соответствует одновременно всем следующим условиям:
Минимум бара выше всех линий индикатора Alligator.
Цена закрытия бара ниже его середины, т.е. close < (high + low) / 2.
Максимум бара выше маскимума 2-х предыдущих баров или выше максимума одного предыдущего бара, а максимум второго предыдущего бара является верхним фракталом (▲). По умолчанию не отображаются Дивергентные бары, максимум которых выше максимума только одного предыдущего бара и максимум 2-го предыдущего бара не является верхним фракталом (▲), но вы можете включить отображение любых Дивергентных баров в настройках индикатора (установив значение "no" в поле "Divergent Bars > Filtration").
Усилением сигнала Медвежьего Дивергентного бара являются следующие условия:
Цена открытия бара, как и цена закрытия, ниже его середины, т.е. open < (high + low) / 2.
Минимум бара выше всех линий открытого индикатора Alligator, т.е. зеленая линия (Lips) выше красной линии (Teeth) и красная линия выше синей линии (Jaw). В этом случае цвет круга под Медвежьим Дивергентным Баром окрашен в темно-красный цвет.
Приседающий Дивергентный бар.
Бар, следующий за Медвежьим Дивергентным баром, соответствует красному цвету Awesome Oscillator.
Дивергенция на Awesome Oscillator.
Образование верхнего фрактала (▲), у которого максимум Дивергентного бара является пиком фрактала.
Пересечение линий Alligator
Пересечение барами зеленой линии (Lips) открытого индикатора Alligator является первым предупреждением о возможной коррекции (откате цены) при выполнении одного из следующих условий:
Если бар закрылся ниже линии Lips, которая выше линии Teeth, а линия Teeth выше линии Jaw, при этом цена закрытия предыдущего бара находится выше линии Lips.
Если бар закрылся выше линии Lips, которая ниже линии Teeth, а линия Teeth ниже линии Jaw, при этом цена закрытия предыдущего бара находится ниже линии Lips.
Пересечение барами всех линий открытого Alligator является признаком глубокой коррекции и предупреждением о возможной смене тренда.
Частое пересечение линий Alligator между собой является признаком бокового тренда (флэт).
Оповещения о сигналах
Для получения уведомлений о сигналах при создании оповещения необходимо выбрать условие "При любом вызове функции alert()", в таком случае уведомления будут приходить в следующем формате:
D — таймфрейм, например: D, 4H, 15m.
🟢 BDB⎾ — сигнал Бычьего Дивергентного бара на покупку (Long), срабатывает один раз после закрытия бара и включает дополнительные сигналы:
/// — если Alligator открыт.
⏉ — если цена открытия бара, как и цена закрытия, выше его середины.
+ Squat 🔷 — Приседающий бар или + Green ↑ — "Зеленый" бар или + Fake ↓ — Фальшивый бар.
+ AO 🟩 — если после закрытия Дивергентного бара, изменение цвета осциллятора для следующего бара соответствует зеленому цвету Awesome Oscillator. ┴/┬ — AO выше/ниже нулевой линии. ∇ — если есть дивергенция на AO в интервале 140 баров от последнего бара.
🔴 BDB⎿ — сигнал Медвежьего Дивергентного бара на продажу (Short), срабатывает один раз после закрытия бара и включает дополнительные сигналы:
/// — если Alligator открыт.
⏊ — если цена открытия бара, как и цена закрытия, ниже его середины.
+ Squat 🔷 — Приседающий бар или + Green ↑ — "Зеленый" бар или + Fake ↓ — Фальшивый бар.
+ AO 🟥 — если после закрытия Дивергентного бара, изменение цвета осциллятора для следующего бара соответствует красному цвету Awesome Oscillator. ┴/┬ — AO выше/ниже нулевой линии. ∇ — если есть дивергенция на AO в интервале 140 баров от последнего бара.
Сигнал пересечения барами зеленой линии (Lips) открытого индикатора Alligator (можно отключить в настройках индикатора в поле "Alligator > Enable crossing lips alerts"):
🔴 Crossing Lips ↓ — если бар закрылся ниже линии Lips, которая выше остальных линий, при этом цена закрытия предыдущего бара находится выше линии Lips.
🟢 Crossing Lips ↑ — если бар закрылся выше линии Lips, которая ниже остальных линий, при этом цена закрытия предыдущего бара находится ниже линии Lips.
Сигнал фрактала срабатывает после закрытия второго бара, завершающего формирование фрактала, если оповещения о фракталах включены в настройках индикатора (поле "Fractals > Enable alerts"):
🟢 Fractal ▲ — верхний (Медвежий) фрактал.
🔴 Fractal ▼ — нижний (Бычий) фрактал.
⚪️ Fractal ▲/▼ — одновременно верхний и нижний фрактал.
↳ (H=high - L=low) = разница.
Если вы перенаправляете оповещения на URL вебхука, например, в бота Telegram, то вам необходимо установить шаблон оповещения для вебхука в настройках индикатора в поле "Webhook > Message" (содержит подсказку с примером), в котором в качестве текста сообщения достаточно указать текст {{message}}, который будет автоматически заменен на текст оповещения с тикером и ссылкой на TradingView.
‼️ Сигнал — это не призыв к действию, а лишь повод проанализировать график для принятия решения на основе правил вашей стратегии.
Smaller Fractals (+ Transparency)Smaller Fractals (+ Transparency)
I find that fractals are super useful, but can visually clutter up the chart pretty quickly. Their opaqueness and just overall bigness can become a bit much.
As such, these are just like regular fractals, only smaller (pine script's`size.tiny` instead of the default `size.small`).
Also, you can set a transparency level to these little guys (default is 50%).
Simple, more polite, and hopefully more useful fractals for those wnting a cleaner looking chart. 😁
Evolution Fractals with IBA standard fractal high has two lower high (or equal high) candles to its left and right.
For standard fractal low fractals this is vice versa.
-But this indicator plots has the option to plot standard fractals only after candle close is confirmed.
So if the current candle is still forming in live markets, only after this candle has fully closed, then the indicator checks if the fractal is valid and then plotted.
You can select this option On or Off
(with the standard fractal indicator there is a fractal plotted, but when this candle high (or low ) is broken again, the fractal disappears. This re-painting of fractals can cause confusion.
-Added an alert functionality.
When setting an alert on your chart, you can select this indicator to alert you upon the forming of a new fractal high or low.
-Added optional Inside Bar function.
When a candle High/Low does not breach the previous candle High/Low, then a different body color can be shown.
This is particular handy to quickly if this high/low is breached, without having to zoom in on the chart.
Hotch v1.02 RSI+Fractals/VWAP Bands/Smoothed Moving Average. In this script the RSI is used the limit number of displayed fractals to only those fractals that are triggered in the RSI Overbought and Oversold areas. This helps keep the chart cleaner looking when combined with other indicators so other icons that are plotted above and below candles are not covered up.
For example if the RSI drops below 30 the next fractal would be displayed.
If the RSI stays below 30 each fractal would be displayed.
If the RSI dips below 30 and returns above 30 before there is a fractal is displayed, the next valid fractal would still be displayed.
With optimization of the RSI values this indicator can be used in confluence with the included VWAP bands and Moving average to find trend reversal entry points for trades. Also recommended is to use a divergence identifying lower indicator as a secondary confirmation of trade entry.
Example of a potential long entry using the displayed chart.
1) RSI under 30
2) Price was recently outside of your chosen VWAP multiple.
3) a fractal was triggered.
Additionaly:
4) Use other indicators or other confluences for a stronger trade signal.
5) Use your preferred method of determining entry price stop loss and take profit.
NOTE: Fractals normally paint two bars behind the current bar. In this code, with the combination of the RSI and Fractal Trigger, the fractal paints an icon on the current bar.
Laguerre RSI (Self Adjusting Alpha with Fractals Energy)Laguerre RSI (Self Adjusting Alpha with Fractals Energy) indicator script. I adopted idea from www.prorealcode.com and
If you disable `Apply Fractals Energy` option, you will get the original Laguerre RSI.
Median Absolute Deviation Outlier FractalsCore Concepts
Using Bill William's fractals (can be any types of pivots), we want to find outlier fractals using the median absolute deviation (MAD). When the true range falls outside the specified threshold, it is counted as an outlier. These outliers tend to have significance. Prices usually react to those levels in the future, sometimes a single level and other times a cluster of them to create a zone.
Usage
The baseline determines the trend. Above baseline is uptrend and below is downtrend.
MAD length is how much data you want to use for the MAD calculation.
Deviation limit is the multiple of MAD from median figure to determine if the true range prices exceeds it and if it does we have an outlier.
Notes:
The script is for informational and educational purposes only.
Any suggestions for improvement are welcome!
Makuchaku's Trade Tools - Pivots/Fractals & CrossoversPivots/Fractals are at minimum a 3 candlestick pattern.
Bearish pivot/fractal is formed when a candle is flanked by 2 lower candles on either side
Bullish pivot/fractal is formed when a candle is flanked by 2 higher candles on either side
They are great to determine market structure.
This indicator also prints boxes when those pivots/fractals are crossed over, printing bearish & bullish boxes.
Williams Fractals BUY/SELL signals indicatorThis indicator made with using Williams Fractals, 20 50 100 Moving Averages and Relative Strength Index. You can easily find entry points by using Long (L), Short (S) signals.
This is a 15min scalping strategy for BTC:USDT Perpetual pair. For use different pairs or TFs you may need to change settings.
How to use
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When flashing Long (L) or Short (S) signal you should wait until the candle closing for the confirmation.
After that candle closed with the signal, you can enter a trade in next candle opening.
Your SL should be 3.1% from etnry and TP should be 0.5% from entry for best results. (You can use Long Position / Short Position tool in Prediction and Measurement Tools in drawing pannel to calculate this. This settings only for BTC:USDT Perp 15 min TF. For other TFs or Pairs settings may vary. You can easily change these settings and backtest your own.)
After entering a trade you can be ignored next signals until close the trade.
To learn more about this strategy, please try the "Williams Fractals Strategy" I coded. Thank you!
[BMAX] Fractals(ENGLISH)
This is a variation of the original Fractals indicator by Bill Williams - in this version we use the concept of three candles being in a swing low when the second candle has the highest high and on a swing high when the second candle has the lowest low.
(PORTUGUÊS)
Esta é uma variação do indicador original Fractals criado por Bill Williams - nesta versão usamos o conceito de três candles sendo considerado um pivô de baixa quando o segundo candle tem a máxima mais alta e um pivô de alta quando o segundo candle tem a mínima mais baixa.
Counting HH/LL w FractalsWork in progress. Will indicate when a certain number of highest/lowest fractals have occurred from a starting point.
E.g. if lowest in 50, start counting highest fractals until N number is reached.
You can see my current status/attempts in the code comments. I am publishing to invite others to help via TV chat and StackOverflow. I will update the script when a solution is achieved.
Thanks!
Ichimoku Kinko Hyo + FractalsIn contrast to my Ichimoku ++ Study this is a pure Ichimoku Konko Hyo Study with Bill Williams Fractals (I couldn't leave out the fractals as these levels are too important for Ichimoku trading).
In this study you can find many visualisation options for the Ichimoku Indicator and the signals the Ichimoku Tradingsystem can provide.
Tenkan-sen and Kijun-sen are provided optionally as mtf levels.
An mtf price cloud relationship is shown in the upper right.
The included signals are:
B1/S1 is a strong filtered signal. The condition for long entry is:
price > Kumo AND Chikou > price AND Chikou > Kumo AND Tenkan > Kijun AND Komo is green
B2/S2 is a less filtered signal. The condition for long entry is:
price > Kumo AND Chikou > price AND Tenkan > Kijun
IB/IS is a confluence signal. The condition for a long/short entry is: more than 50% of the 8 defined conditions must trigger a long signal. Below 50% long, it is a short signal because more than 50% of the entry conditions have triggered a short signal.
MultiTimeFrame Fractals D W M [xdecow]This indicator shows fractals in different timeframes. With the possibility of coloring the bars with any combination of current, daily, weekly and monthly timeframes.
The return points are calculated as follows:
high > last 3 highs and close above highest low
low < last 3 lows and closes below lowest high
The direction of higher timeframes fractals tend to be more durable and reliable. This indicator helps to find the fractal alignment of different timeframes, so that you can look for trade opportunities in the same direction as the higher timeframes and improve your chances.
Power Fractals Open Source I decided to make my power fractals indicator open source.
(/script/el8MaHcq-Power-Fractals/)
Feel free to use/change/improve.
