OPEN-SOURCE SCRIPT

Fractal

Updated
This fractal indicator provides fractal support and resistance together with other integrated features, such as short-, mid-, and long-term SMA and EMA lines, color code for bullish and bearish candles, and showing closing price to length for planning future trend scenarios.

Using fractal support and resistance and a triple moving average trading system helps traders identify better trade signals.

Click on Settings to select indicators for those features. The default setting is showing all.
Release Notes
Fix the bug for colored bars in a bearish trend.
Release Notes
Update: 1) Remove bugs and typos; 2) Redefine "bearSignal" and "fractalUpTrend".
Release Notes
Update: 1) Add Ichimoku cloud; 2) Change default input options.
The fractal indicator now supports showing fractals, bullish and bearish candle color, triple SMA lines, triple EMA lines, Ichimoku cloud, and closing price of the MA length.
Release Notes
1) Remove typos; 2) Add trading signals; 3) Reduce the volume constraint.
Release Notes
(1) Add SMA trends; (2) Add Vegas Tunnels; (3) Add fractal channels; (4) Redefine fractal signals.
Bill Williams IndicatorsMoving AveragesTrend Analysis

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Disclaimer