OPEN-SOURCE SCRIPT
robotrading ZZ-8 fractals
This 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
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
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.