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Hotchachachaaa

Rainbow Fractals

Hotchachachaaa  
Oscillators Trend Analysis Bill Williams Indicators
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oscillator trendanalysis billwilliams
This Indicator uses the Bill Williams Fractals with coloring based on the Peak High/Low of the most recent RSI Value.

This helps quickly identify RSI bearish and bullish divergence without having a RSI lower indicator loaded onto the chart.

When the RSI is between 40 and 60 no fractals are posted. Lighter colored fractals are closer to a RSI value of 50 and darker fractals or further away from a RSI value of 50.
Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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