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Williams Fractal

[VDB]TrendScalp-FractalBox-3EMAThere are many indicators with William’s Fractal and Alligator. As many use EMA’s it may be useful to define a 3-EMA ribbon and combining Fractal Levels/Box (filling background between top and bottom fractals) for trend scalping. I searched for this kind of indicator in community – some show fractals, some just levels, some with alligator etc. but couldn't find the one needed. Hence thought of this indicator which may be of interest to other users too. Key Points: EMA ribbon is created using 3 EMA’s 35/70/105. Users can change these as per their preference. This is used for trend identification – 1. Bullish bias if Price > EMA1 > EMA2 > EMA3. 2. Bearish bias if Price < EMA1 < EMA2 < EMA3. Background is marked during crossing of EMA1 and EMA2 to alert possible trend change. 5-bar fractals are used to mark the Fractal levels and background between top and bottom fractals are filled to create a Fractal Box. Fractal levels are marked only when the fractal formation is complete. Given offset is used this is lagging. How to Use: Sloping EMA ribbon is used for identifying the trend. Fractal box break-out/ break-downs are used to trigger the trade with fractal high/low for entry/SL. Waiting for price contraction towards EMA ribbon resulting in smaller boxes is key to initiate trade. Avoid bigger boxes as SL’s will be big and price may move within. To draw the vertical lines of FractalBox change fractal level0 style to step-line. This indicator combined with the cycle high/low (overbought/oversold) indicators such as CCI/Stochastic/RSI etc. can make it a good trend scalping setup while trading in the direction of momentum in higher timeframe. This setup could be used for any timeframes. Do your back-testing before using it in live market. This indicator was achieved by combing some fractal ideas from “Fractal and Alligator Alerts by JustUncleL” DISCLAIMER : This indicator has been created for educational reference only and do not constitute investment advice. This indicator should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Market data or any other content is subject to change at any time without notice. Liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of this indicator is accountability of user using it.
Pine Script® indicator
by vireshdb
1
5min Williams Fractals scalping (3commas)Another strategy I'm learning Pine Script on. It is inspired by a MoneyZG youtube strategy called "Easy 5 Minute Scalping Strategy (Simple to Follow Scalping Trading Strategy)". Again this is a one order per trade strategy compatible with the 3commas bot (works also with the free 3commas subscription). This strategy is based on the signals from Williams Fractals, taking the signals in reverse - red triangle indicates a bottom and hence we go long. The green triangle indicates a top so we go short. By default these signals are only accepted if they occur between the two Emas. However, you can also turn this off and when a WF signal comes in, only the current price has to be between the Emas. Stop loss is set to the current Ema slow and the take profit is a multiple of the distance to the slow ema. Like previously I have added different filters as well as the ability to view essential things like the WF signal and Emas. I hope the script will help you to be more successful and if so it would be great if you could share here your setups, or tips on what would be good to refine to make it an even a more profitable strategy. Kind of a community approach so that we help each other out :). Instructions for the 3commas connector: 1. First, you need to prepare 3commas Long/Short bots that will only listen to custom TV signals. 2. Inputs for the 3commas bot can be found at the end of the user inputs. 3. Once you have entered the required details into the inputs, turn on 3commas comments. They should appear on the chart (looks messy). 4. Now you can add the alert where you should paste the 3commas Webhook URL: 3commas.io 5. For the alert message text insert the placeholder {{strategy.order.comment}} and delete the rest. 6. Once the alert is saved, you can turn off those 3commas comments to have a clearer chart. 7. With a new alert, the bot and trade should launch. In the near future I would like to publish more scripts that will carry similar elements as the first two, incl. compatibility with 3commas (I don't have access to another bot system). I will choose some strategies myself, but I will also be glad for some tips on what strategy would be good to do and is still missing here on Tradingview (short youtube videos or brief strategy manuals would be great). Thanks and keep it up PS: My screen values starting at Long Target Profit and ending at Pullback NOT greater than: 1.5; 1.5; 0; ON; 1; 2; OFF; 17; 36; ON; 0.05; ON; Chart; 14; 46; 50; 48.5; 51; OFF; 1; ON; 4; 2.
Pine Script® strategy
by Zippy111
8
Fibonacci levels MTFHello All, I got some requests for a script that shows Fibonacci Levels of Higher Time Frame Candles. so I made/published this script. I hope it would be useful for you. Options: You can set Higher Time Frame, by default it's 1 Day. Optionally it can use Current or Last Candle of higher time frame to calculate/show its Fibonacci Levels. It can show higher time frame candles at the background optionally. You can change its colors. You can enable/disable/change each Fibonacci levels and their colors. You can enable/disable Fibonacci Labels that is shown at the right ride and see only Fibonacci lines/levels example, Fibonacci levels with higher time frame candles: P.S. if you have ideas to improve this script, drop a comment under the script please Enjoy!
Pine Script® indicator
by LonesomeTheBlue
48
[JL] How Many Signals last N barsGot this idea after I found Multiple Indicators Screener from QuantNomad. This script learnt some codes from QuantNomad's great script. Thanks to him. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ This table show how many signals happened during the last N bars. I only take care Forex, so this table only has 28 symbols. Feel free to change it. Calculate the following signals: RSI cross over/under 50 Short Moving average cross over/under long moving average Stochastic k cross over/under d MACD hist cross over/under 0 Williams Fractals: Up and Down fractals happened. The concept is simple: Range period will always happen more cross signals than the trend period. When the counter is less than median of all symbols, will be set green color. So more green mean more chance to be trend.
Pine Script® indicator
by Jesse.Lau
Fractal Breakout Strategy [KL]Fractal Breakout Strategy This strategy will enter into a Long position when (a) bullish fractal is formed, combined with (b) ATR is relatively low. Trailing stop loss is set based on ATR. Bullish fractal pattern : A bullish fractal pattern looks like this: It is formed when lower-low has reached a local minimum followed by higher-lows. By default, this script plots the pivot point (the local minimum) using green crosses. This line will extend to the right until the next bullish fractal is formed. The local minimum pivot point is considered as key level of support. For long position entry, entry price must be higher or equal to it. On the other hand, a bearish fractal pattern looks like the exact opposite. Reversing the logic, it is a local maximum indicated by higher-highs followed by lower-highs. This is shown by red crosses. Why use ATR to confirm entry : Two reasons to enter when ATR is low: 1) Since trailing stop loss is based on ATR, entering the market when ATR is low means risking less for potentially high reward. 2) Low ATR often signals price consolidation. There are two favorable scenarios, either: (i) period of accumulation, or (ii) bull flag, ideally followed by breakout. Determining whether ATR is low : Relative lows are quantified out by using the method in my other script: Modified ATR Indicator The method involves applying two-tailed hypothesis testing to assess whether ATR (ie. by default lookback period of 5) has greatly deviated from a larger sample size (ie. lookback period of 50). Assuming ATR is normally distributed and variance is known, then test statistic (z) can be used to determine whether ATR5 is within the critical area under Null Hypothesis: ATR5 == ATR50. If z falls below/above the left/right critical values (ie. 1.645 for a 90% confidence interval), then ATR is determined to the relatively low/high respectively. For the purpose of assessing whether ATR is low, the left-tail is the main focus. Profit taking : Profits by default are taken over 3 levels based on risk to reward ratio (ie. 1R, 2R, 3R). When a target is met at each level, strategy will close out one third of current position size. Remainders (ie. already taken once at 1R, but not yet reaching 2R or 3R) will eventually be closed at the trailing stop loss price.
Pine Script® strategy
by DojiEmoji
7
EneX SignalEneX is signal that give recommendation signals for entry and exit on spot market. This indicators not suitable for leverage trading in futures market. EneX signal consider several indicators and has entry and exit rules. EneX signal is suitable for investors who believe in trend following strategy (disclaimer on). This script composed by Yohan Naftali for educational purpose only. Reader who will use this signal must do own research. Indicator and Plot Involved 1. Williams Fractals with default periods = 2 2. William Alligator Indicators with default simple moving average 8, 13, and 21 3. Exponential Moving Averages with default value EMA 50, 100, and 200 4. Relative Strength Index with default overbought level = 80 and oversold level = 20 5. Williams Fractals are joined to create support and resistance line and fill area between support and resistance lines. Entry signal conditions 1. Entry on Weakness when bullish fractal appear on n/2 period 2. Entry when price break resistance line All entry condition must above EMA and alligator signal and not in overbought RSI Exit signal conditions 1. Lowest price is below Exponential Moving Average 2. Lowest price is below William alligator lines You can easily find entry and exit points by using Entry (E), Exit(X) signals How to use 1. Monitor chart and wait until E or X signals 2. Entry if Entry Signal (E) appear (green colored label) 3. Exit if Exit Signal (X) appear (red colored label) 4. Change indicators setting when necessary Best Practice 1. Entry only when entry signal (E) appear 2. Never entry when price below William alligator signal 3. Exit when exit signal (X) appear 4. Not exit when exit signal appear when you believe or you have information that price will be rebound 5. Exit if you believe that current price meet your target price 6. Always wise when use EneX signals Disclaimer Do your own research and consider fundamental price of asset. The indicators provided on this script is for educational purposes only. Author does not offer advisory or brokerage services, nor does it recommend or advise users to buy or sell particular stocks or securities. Please examined script and give feedback for further improvement.
Pine Script® indicator
by YohanNaftali
7
Forex Fractal EMA ScalperThis is a forex scalper designed for very short timeframes 1-5 min max. At the same time due to the short timeframe, is recommend to re optimize it weekly . Its components are Fractals Triple EMA with different lengths Rules for entry: For long : we have an up fractal and all 3 ema are in ascending order For short: we have a down fractal and all 3 ema are in descending order. Rules for exit We exit when we either get a reverse order or when we hit the take profit or stop loss calculated in fixed pips.
Pine Script® strategy
by exlux
3
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 **************** 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!
Pine Script® indicator
by CHATHURANGA91
2
OS FractalsAn up fractal is formed when a high is both preceded and followed by lower highs. A down fractal is formed when a low is both preceded and followed by higher lows. Bill Williams uses a period of 2 (2 after and 2 before) to define a fractal. This indicator has 2 as default but lets you decide the range you want. The indicator lets you also select alerts when price crosses an up of down fractal, which would usually mean to entry a position. This indicator works best when used with an alligator, as long signals are valid above the Balance Line and short signals are valid when triggered below the Balance Line. Any comments for improvement are welcome.
Pine Script® indicator
by ownsov
OS AlligatorOS 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 is green when both AO and AC are green, red when both are red, and black when different) - Zone buys and sells (subsequent AO of the same color), with letter Z - Saucer buys and sells, with letter S - Highest High and Lowest Low tracking (for traling stop setting) - Balance line (Teeth) crossover alerts and of course the Alligator's Mouth (Lips, Teeth, Jaw) with SMMA. All these functions are customizable both in periods and in color. For example if you want to modify the Fractal or HiLo periods you can do so. You can also add alerts based on any or all indicators. Thank you for reading. Any comments for improvement are welcome. -ownsov
Pine Script® indicator
by ownsov
16
2B detector betaIdentifying 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 prices do not follow the Random Walk Hypothesis or Brownian motion. Instead, they follow a fractal pattern. Fractals exhibit similar patterns at different scales called self-similarity. Using this character, one can develop fractal patterns to identify local highs and local lows. This indicator identifies the reversal signal so-called 2B base on the following logic: 1. Identify local highs and local lows with fractals 2. Define relative positions of those local highs and lows (ABC and 2B) 3. Define the local range of ABC and B Disclaimer: This indicator is only for research purposes. Please do not take it as investing or trading advice.
Pine Script® indicator
by lockeyj
3
[SCL] Bitcoin Hashrate Dips (Miner Capitulation)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 overlay and standalone display modes. + A neat label function for debugging floats + Fully commented + The debug that I used to overcome problems in developing it is left in + Ideas for how to deal with a wildly oscillating and exponentially increasing data source You need to run this indicator on the Bitcoin daily chart for it to make any sense. The best is a BTC/USD chart with a long history, such as BNC:BLX.
Pine Script® indicator
by SimpleCryptoLife
9
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. :-)
Pine Script® indicator
by MrTuanDoan
12
Deep_Fractal_Signals_and_Rubber_Band_TradesThis 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 candles prior to the current candle, and are re-painted on the chart. When the triangle is indicated above the moving average in a down trend (blue), or below the moving average in an up trend (yellow), this is a Rubber Band Trade. When the slope of the moving average is less than the Gain set by the user, or are counter-trend, the triangles are plotted in silver. When used in conjunction with the Power Analyzer indicator, a signal to the long side should be taken when the Power Analyzer momentum indicator is at a cycle low. Similarly, a signal to the short side should be taken when the indicator is at a cycle high. The first, second or third signal in a new trend have the highest probability of a follow through. The indicator sometimes gives a false signal at the very end of the trend, just before the market reverses. This is an attempt by the Market Makers to persuade traders that the trend will continue. Please leave a comment and "Like" this indicator if you find it useful. FX Engineering
Pine Script® indicator
by FXEngineering
3
[Daveatt] BEST ABCD Pattern Strategy (Trailing SL + TP)Hello traders This is the strategy version of my ABCD pattern. I added the Trailing Stop and Trailing Profit upon a follower request I - Concept I present to you, ladies and gentlemen, the first screener for harmonic patterns . Starting with an ACBD pattern screener this time!! I used the calculations from Ricardo Santo's script In short, he's using fractals (regular or Bill Williams ) for the pattern calculations. A masterpiece !!! II - Definitions The ABCD pattern ( AB=CD ) is one of the classic chart patterns which is repeated over and over again. The ABCD pattern shows perfect harmony between price and time. The Williams Fractal is an indicator, developed by Bill Williams , that aims to detect reversal points (highs and lows) and marks them with arrows. Up fractals and down fractals have specific shapes. The Williams Fractal indicator helps users determine in which direction price will develop 💎Strategy filters💎 I included some cool backtest filters: - Trailing stop with trigger concept coming from this Trailing Stop Strategy - Trailing profit with trigger coming from this Trailing Profit Strategy Last words It works for all asset classes (Forex, crypto, indices, etc...) and does not repaint All the BEST Dave
Pine Script® strategy
by Daveatt
11